Hasbro Braces for Tariff Fallout Despite Strong Quarter
Hasbro shares soared on better-than-expected revenue growth and sharply higher profits in the last quarter. However, the toymaker cautioned that new tariffs on Chinese imports—where roughly half its products are made—could lead to major price hikes and supply chain adjustments later this year. While CEO Chris Cocks celebrated the success of Hasbro’s “Play to Win” strategy, he admitted the company is taking a “wait and see” stance before updating full-year forecasts to reflect tariff impacts.
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