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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Hasbro, Inc. (HAS) on Behalf of Investors

Hasbro, Inc. (HAS) 
Last hasbro, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.hasbro.com/investor-relations
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Hasbro, Inc. (“Hasbro” or the “Company”) (NASDAQ: HAS) investors concerning the Company’s possible violations of federal securities laws.On January 26, 2023, Hasbro disclosed that its fourth quarter 2022 financial results would see revenue lowered by 17% year-over-year and that, to combat weakening sales, the Company planned to lay off 15% of its global workforce. Further, the Company announce the immediate departure of its COO.On this news, Hasbro’s stock price fell $5.17, or 8.1%, to close at $58.61 per share on January 27, 2023, thereby injuring investors.Then, on October 26, 2023, Hasbro released its third quarter 2023 financial results, disclosed an 18% decline in Consumer Products revenues year-over-year and a reduced guidance for the remainder of the year. The Company further explained that it was forecasting “$50-ish million of onetime cost” that was to be spent on “mov[i Show less Read more
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