The nearly century-old
In last year’s third quarter, Hasbro reported 15% decline in revenue compared to the same period a year earlier.
Cocks said Hasbro's consumer-products division performed poorly in the final three months of 2022 “against the backdrop of a challenging holiday consumer environment.”
He said, however, its role-playing game unit Wizards of the Coast, digital gaming,
Its stock fell about 7% in extended trading after the layoffs announcement. The shares are down 29% in the last 12 months thorough the close of Thursday's regular trading day on
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