Hasbro keeps expectations low for the start of 2023, but sees turnaround coming
Publishing timestamp: 2023-02-16 16:02:36
Summary
Hasbro reported disappointing holiday sales and issued conservative guidance for the year, mirroring modest expectations it had when it entered 2022. Hasbro is maintaining some optimism though, pointing to key bright spots from releases like Transformers and its growing Wizards of Coast gaming division, which houses Dungeons & Dragons. Hasbro is looking to introduce product line priced between $20 to $30 to target inflation-weary consumer. Hasbro is hoping new releases like expansion packs for Dungeons & Dragons and Magic: Gathering games will pay off and compensate for product sales declines. Hasbro has taken several hits in recent times, which led it to proceed with caution into 2022.
Sentiment: MIXED
Keywords: business news, brian goldner, retail industry, hasbro inc, ubs group ag, breaking news: earnings, earnings, mattel inc, business,
Source: https://www.cnbc.com/2023/02/16/hasbro-has-earnings-q4-2022.html