1048 ET - Hasbro doesn't expect to feel much pain from the evolving global tariff war in the short-term, since it doesn't expect to have a large number of deliveries here in the first four to five months of the year, CEO Chris Cocks says on a call with analysts. There would however be incremental tariff exposure coming next year if the tariffs that are currently in place aren't changed or eliminated, he says. The toymaker is diversifying its product sourcing to deal with the potential headwinds and expects to move from eight sourcing countries to about nine or 10 in the very near term, Cocks says. Shares rise 15% to $60.92. (dean.seal@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 10:48 ET (14:48 GMT)

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