Hasbro Sees Revenue Decline Of 3-6%, Driven By Entertainment Segment; Increases Wizards of the Coast Segment Guidance To Up High-Single Digits
Portfolio Pulse from Benzinga Newsdesk
Hasbro has revised its revenue guidance, expecting a decline of 3-6% due to the underperformance of its Entertainment segment. However, the company has increased its guidance for the Wizards of the Coast segment to high-single digits.
August 04, 2023 | 12:52 pm
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Hasbro's revised revenue guidance indicates a decline, driven by its Entertainment segment. However, the company's Wizards of the Coast segment is expected to perform better.
Hasbro's revised revenue guidance indicates a decline, which is a negative signal for investors. This could potentially lead to a decrease in the company's stock price. However, the increased guidance for the Wizards of the Coast segment might mitigate some of the negative impact.
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