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https://archive.is/3eFAZ
https://twitter.com/wallstengine/status/1757369994776662527
>Hasbro reported a steeper-than-expected drop in holiday-quarter sales and profit on Tuesday, sending its shares down 11 per cent in premarket trading, as a persistent demand weakness in the toy industry weighed on sales of its digital and board games.
>Sluggish demand from a pullback in leisure spending and cautious inventory planning by retailers like Walmart and Target hurt Hasbro’s sales in the past year.
>The Monopoly maker’s net revenue fell about 23 per cent, to $1.29-billion in the fourth quarter, ended Dec. 31. Analysts on average expected a 19.3 per cent drop, to $1.36-billion, according to LSEG data.
>Excluding items, Hasbro’s profit per share was 38 cents, compared to the estimate of 66 cents.
>Franchise Brands Rev: $843.7M, down 10%
>Non-Hasbro Branded Film & TV Rev: $139.3M, down 54%
>Consumer Products Inventory Down: 56%
Meanwhile, Mr. Cocks goes on a cope tantrum:
>"Guided by our 'Fewer, Bigger, Better' strategy, we achieved important wins and progressed in our transformation amidst a challenging 2023. Entering 2024 with a healthier balance sheet and a leaner cost structure."
HAHAHAHAHA GET FUCKED HASJEW
>Chapter 11 when?
https://twitter.com/wallstengine/status/1757369994776662527
>Hasbro reported a steeper-than-expected drop in holiday-quarter sales and profit on Tuesday, sending its shares down 11 per cent in premarket trading, as a persistent demand weakness in the toy industry weighed on sales of its digital and board games.
>Sluggish demand from a pullback in leisure spending and cautious inventory planning by retailers like Walmart and Target hurt Hasbro’s sales in the past year.
>The Monopoly maker’s net revenue fell about 23 per cent, to $1.29-billion in the fourth quarter, ended Dec. 31. Analysts on average expected a 19.3 per cent drop, to $1.36-billion, according to LSEG data.
>Excluding items, Hasbro’s profit per share was 38 cents, compared to the estimate of 66 cents.
>Franchise Brands Rev: $843.7M, down 10%
>Non-Hasbro Branded Film & TV Rev: $139.3M, down 54%
>Consumer Products Inventory Down: 56%
Meanwhile, Mr. Cocks goes on a cope tantrum:
>"Guided by our 'Fewer, Bigger, Better' strategy, we achieved important wins and progressed in our transformation amidst a challenging 2023. Entering 2024 with a healthier balance sheet and a leaner cost structure."
HAHAHAHAHA GET FUCKED HASJEW
>Chapter 11 when?
