Hasbro's Digital Push Not Enough to Offset Consumer Belt-Tightening on Nonessentials

Hasbro may be seeing digital growth via its gaming business, but as consumers buy fewer nice-to-have products, the toys and games company continues to struggle.The Rhode Island-based company shared in its fourth quarter and full year 2023 financial results that it saw a 10% year-over-year revenue increase in its “Wizards of the Coast and Digital Gaming Segment” for the year, but this digital growth came amid a 15% decline in revenue overall.“Our investments in digital and digital gaming are foundational to ...