Hasbro Extends Slump, Delivering Weaker-Than-Expected 2023 Forecast Along With Soft Q4 Results

Hasbro extended its streak of Wall Street disappointments, delivering a weaker-than-expected forecast for 2023 along with soft fourth-quarter financials reflecting a host of holiday-season challenges. Revenue slid 17% to about $1.7 billion in the quarter, while earnings per share came in at $1.31. Hasbro is projecting 2023 adjusted earnings of $4.45 to $4.55 per share,