Hasbro plunges after reaffirming annual forecasts

Hasbro

20/05/2026 17:14

** Shares of Play-Doh maker Hasbro HAS.O fell 7% to $90.07

** The firm reaffirms its annual forecasts, even though it reported first-quarter revenue and profit above estimates, amid looming macroeconomic pressures

** Maintains forecast for annual revenue growth at 3% to 5%, adjusted core profit between $1.4 billion and $1.45 billion

** Warns of an annual $30 million hit due to oil-related incremental costs linked to freight, resin and packaging

** Posts Q1 revenue of $1 billion; analysts on an average expected $964.38 million - data compiled by LSEG

** Logs Q1 adjusted EPS of $1.47, beating est. of $1.13

** Including session moves, stock up 9% YTD

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))