Hasbro Sees FY24 Consumer Products Segment Revenue Decline Of 7% - 12%
Portfolio Pulse from Benzinga Newsdesk
Hasbro anticipates a decline in its Consumer Products Segment revenue ranging from 7% to 12% for the fiscal year 2024.

April 24, 2024 | 10:36 am
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NEGATIVE IMPACT
Hasbro expects a significant decline in revenue for its Consumer Products Segment in FY24, projecting a decrease of 7% to 12%.
The projected decline in revenue for Hasbro's Consumer Products Segment is a significant indicator of potential challenges the company may face in FY24. This forecast could lead to negative investor sentiment and potentially impact the stock price negatively in the short term, as revenue projections are a critical factor in evaluating a company's future growth and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100