Hasbro Lifts Outlook, But Tariffs Pressure Stock

About Hasbro Lifts Outlook, But Tariffs Pressure Stock

Despite beating Wall Street earnings expectations and raising its annual guidance, Hasbro's shares declined in premarket trading. The company posted strong second-quarter results with higher revenue driven by growth in its Wizards of the Coast and Digital Gaming segment. However, tariffs pose a challenge, with costs expected to rise in the upcoming quarter and an estimated 60 million dollars in tariff-related expenses in 2025. CEO Cocks highlights strategic validation amid mixed outlook due to trade pressures.