BUZZ-Hasbro slips as consumer products unit sees tariff hit

Reuters
2025/07/23
BUZZ-Hasbro slips as consumer products unit sees tariff hit

Updates

** Shares of Monopoly maker Hasbro HAS.O down 3.3% at $75 in early trade

** Sales at the company's consumer products business, which includes shipping to retailers, were down 16% as U.S. customers had shifted their orders in Q2 to the back half of the year due to tariff uncertainty

** Hasbro also expects incremental costs due to tariffs at ~$60 million, lower than prior estimates

** Co, however, raises annual revenue forecast, expects a mid-single digits rise vs prior predictions to be up slightly

** HAS also beat Q2 revenue and adjusted EPS estimates - data compiled by LSEG

** As of last close, HAS up nearly 38.74% YTD

(Reporting by Anshi Sancheti and Neil J Kanatt)

((Anshi.Sancheti@thomsonreuters.com))

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