Global branded entertainment leader Hasbro announced a 15 percent reduction in its workforce as well as the exit of its chief operating officer while projecting weaker revenues for the fourth quarter. In October 2022, Rhode Island-headquartered Hasbro announced that it would deliver $250–300 million in annualized run-rate cost savings by the end of 2025. In…
Hasbro Shaving Off 15 Percent From Global Workforce as Top Executive Leaves Toy Firm
Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit
April 20, 2022
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Toymaker Hasbro Inc. on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia’s invasion of Ukraine. Hasbro’s shares fell 2 percent to $81.80 in low-volume premarket trading as a jump in freight and raw material costs bit into the company’s…
TV Production Business Boosts Hasbro as Toy Shipments Take a Hit
October 26, 2021
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Hasbro Inc. beat quarterly profit estimates on Tuesday, helped by a rebound in its TV and film production business that cushioned some of the impact from toy shipment delays due to global supply chain bottlenecks. The toymaker’s shares rose 5 percent in early trading, despite the company’s warning that its sales could take a hit…
Opening, Ticket Prices Announced for Peppa Pig Theme Park
WINTER HAVEN, Fla.—A standalone Peppa Pig theme park at the Legoland Florida Resort is set to open on Feb. 24, park officials announced Tuesday. Officials also announced ticket prices. A one-day ticket for the central Florida park will be $34.99 at the gate and $30.99 online. An annual pass costs $79.99. The new park is…
Hasbro CEO Brian Goldner Dies
Toymaker Hasbro Inc. said on Tuesday that its longtime Chairman and Chief Executive Officer Brian Goldner has died, two days after he went on medical leave. In a statement last year, Goldner said he had been under continued medical treatment following his cancer diagnosis in 2014. Board member and former CEO of marketing firm InnerWorkings…
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