Hasbro Sales Down 23% In Fourth Quarter; CEO Says Turnarounds Take Time

Monopoly maker Hasbro had a rough 2023, with sales down 23% in the fourth quarter. (Photo by Scott ... [+] Olson/Getty Images)Getty ImagesHasbro executives tried to put a positive spin on their 2023 results, released today, saying steep revenue declines reflect costs associated with its efforts to transform itself into a leaner, more focused, and more profitable toy company.The toy manufacturer reported fourth quarter sales of $1.28 billion, down 23% from the previous year, below analysts expectations. Full ...