Hasbro Executive Says Continued Softness In Nerf, Action Figures, Particularly Star Wars Contributed To Decline In Q3
Portfolio Pulse from Benzinga Newsdesk
Hasbro reported a decline in Q3, attributed to continued softness in its Nerf and action figures, particularly Star Wars products.
October 24, 2024 | 12:58 pm
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NEUTRAL IMPACT
Hasbro's report of weak Star Wars action figure sales may indirectly affect Disney, as it owns the Star Wars franchise.
While Hasbro's weak sales in Star Wars action figures could reflect on the popularity of the franchise, the direct impact on Disney is less certain as it is not directly responsible for toy sales.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Hasbro's Q3 performance was negatively impacted by weak sales in its Nerf and Star Wars action figures, contributing to an overall decline.
The decline in Hasbro's Q3 earnings is directly linked to underperformance in key product lines like Nerf and Star Wars action figures. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100