Hasbro Sees FY24 Consumer Product Segment Revenue Growth Of (7%) - (11%); Adjusted EBITDA Of $975M - $1.025B
Portfolio Pulse from Benzinga Newsdesk
Hasbro projects a decline in FY24 consumer product segment revenue by 7% to 11%, but expects adjusted EBITDA to be between $975 million and $1.025 billion.
July 25, 2024 | 10:33 am
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NEGATIVE IMPACT
Hasbro forecasts a 7%-11% decline in FY24 consumer product segment revenue, but expects adjusted EBITDA to range from $975 million to $1.025 billion.
The projected decline in revenue is a negative indicator for Hasbro's short-term stock performance. However, the expected adjusted EBITDA range suggests some stability in profitability, which may mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100