Shares of Hasbro Inc. got rocked Thursday, making investors suffer through the worst month in four decades, as a weakening toy market led the company to report disappointing third-quarter results.

2 Toy Stocks Bombarded by Bears

01:26pm, Thursday, 26'th Oct 2023
Toymakers Hasbro, Inc. (NASDAQ:HAS) and Mattel Inc (NASDAQ:MAT) are plummeting this afternoon, after both warned of a weak holiday season with slumping sales in their latest quarterly reports.
Shares of Mattel (MAT) and Hasbro (HAS) plummeted in early trading on Thursday as the two toymakers warned of soft sales during the key holiday shopping season.

Why Hasbro Stock Tumbled Today

12:41pm, Thursday, 26'th Oct 2023
Hasbro missed the mark on the top and bottom lines. The company took a $473 million impairment for assets associated with the sale of the eOne business.
Hasbro and Mattel face a challenging fourth quarter, as both toy makers lowered their sales outlook for toys.
Hasbro's (HAS) third-quarter fiscal 2023 top line reflects dismal performances of the Consumer Products and Entertainment segments.
Hasbro, Inc. (NASDAQ:HAS ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Debbie Hancock - Senior Vice President, Investor Relations Chris Cocks - Chief Executive Of
Stocks were poised for another day of declines Thursday. Hasbro and Mattel both cited concerns about the upcoming holiday season.

Hasbro (HAS) Q3 Earnings Match Estimates

09:01am, Thursday, 26'th Oct 2023
Hasbro (HAS) came out with quarterly earnings of $1.64 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.42 per share a year ago.
Shares of Hasbro Inc. HAS, -0.44% sank 8.7% toward a seven-month low in premarket trading Thursday, after the toy maker missed third-quarter profit and revenue expectations and slashed its full-year o
Hasbro cut its annual revenue forecast for the second time on Thursday, joining rival Mattel in warning of choppy toy sales into the crucial holiday quarter as price-conscious shoppers cut back on non
Hasbro (HAS) third-quarter 2023 results are likely to be aided by new product launches and strategic partnerships.
PAWTUCKET, R.I.--(BUSINESS WIRE)---- $HAS--Hasbro to Announce Third Quarter 2023 Earnings on October 26, 2023.
Hasbro (HAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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