23-07-2025
- Business
- Wall Street Journal
Hasbro Raises Outlook After Beating Expectations
Hasbro HAS -0.13%decrease; red down pointing triangle raised its full-year outlook, fueled by strength across its Wizards of the Coast business, though revenue slipped and the company swung to a loss in the second quarter, hurt by a large impairment charge.
Chief Financial Officer Gina Goetter on Wednesday said that the toymaker's diversified business and cost productivity initiatives support the higher outlook, despite a continued dynamic macro environment.
