Hasbro(US:HAS) Globenewswire·2025-10-08 18:52Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Hasbro, Inc. due to allegations of mismanagement and misrepresentation regarding inventory levels and sales performance during a specified class period [1][5]. Company Overview - Hasbro, Inc. is facing a class action lawsuit that claims the company misrepresented the quality and appropriateness of its inventory levels compared to customer demand [5]. - The lawsuit alleges that Hasbro had a significant buildup of inventory that exceeded customer demand, leading to financial difficulties [5]. Financial Performance - On January 26, 2023, Hasbro announced a 17% year-over-year revenue contraction for the fourth quarter of fiscal year 2022, which prompted the company to lay off 15% of its global workforce [5]. - Following this announcement, Hasbro's stock price fell by more than 8% [5]. - On October 26, 2023, Hasbro reported an 18% decline in Consumer Product revenues year-over-year and significantly reduced its guidance for the remainder of the year [5]. - The CEO disclosed a forecast of approximately $50 million in one-time costs related to inventory management and marketing efforts, which led to an additional 11.7% drop in the stock price [5].