Hasbro CEO: Tariff Pressure on Spending Akin to Great Recession -- Market Talk

Dow Jones

2025/04/24

1110 ET - The impact to consumer spending on toys seen so far from President Trump's tariff campaign has been akin to the slowdown seen during the recession of 2008 and 2009, Hasbro CEO Chris Cocks says on a call with analysts. The toy category is once again down in the mid-single-digits, but Hasbro is doing a bit better this time thanks to its more diversified offerings, he says. The inflation outlook meanwhile is starting to look like it did during the pandemic in 2020 and 2021, the CEO says. "We basically see a combination of inflation and some recessionary pressures on the macro," Cocks says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

April 24, 2025 11:10 ET (15:10 GMT)

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(dean.seal@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2025 11:10 ET (15:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HAS","symbol_name":"孩之宝","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529953357","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529953357","pubTimestamp":1745507400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1110 ET - The impact to consumer spending on toys seen so far from President Trump's tariff campaign has been akin to the slowdown seen during the recession of 2008 and 2009, Hasbro CEO Chris Cocks says on a call with analysts. 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The toy category is once again down in the mid-single-digits, but Hasbro is doing a bit better this time thanks to its more diversified offerings, he says. The inflation outlook meanwhile is starting to look like it did during the pandemic in 2020 and 2021, the CEO says. \"We basically see a combination of inflation and some recessionary pressures on the macro,\" Cocks says. (dean.seal@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2025 11:10 ET (15:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}