SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hasbro, Inc. of Class Action Lawsuit and Upcoming Deadlines - HAS

Core Points - A class action lawsuit has been filed against Hasbro, Inc. for potential securities fraud and unlawful business practices [7] - Hasbro reported an 18% decline in Consumer Product revenues year-over-year for Q3 2023, along with a significant reduction in guidance for the remainder of the year [2] - The company is forecasting approximately $50 million in one-time costs related to inventory management and marketing efforts [2] - Following the announcement of financial results, Hasbro's stock price fell by $5.17 per share, or 8.1%, closing at $58.61 on January 27, 2023 [5] - In a prior announcement on January 26, 2023, Hasbro projected a 17% year-over-year revenue contraction for Q4 2022 and announced layoffs of 15% of its global workforce [8] - This earlier news led to a stock price drop of $6.38 per share, or 11.7%, closing at $48.37 on October 26, 2023 [9]