Hasbro (HAS) closed the most recent trading day at $73.13, moving +1.13% from the previous trading session.
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Hasbro Inc (NASDAQ:HAS) has laid off about 3% of its workforce as part of a cost-cutting and restructuring initiative driven by higher costs due to tariffs. The company sources about half of its US toy and game inventory from China, making it exposed to higher costs under increased tariffs imposed by the Trump administration.
Hasbro (HAS) has reportedly laid off 3% of its global workforce as tariffs boost costs at the toy maker.
Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher US tariffs on toys from China.
The latest trading day saw Hasbro (HAS) settling at $67.81, representing a -2.43% change from its previous close.
The Zacks Toys - Games - Hobbies industry benefits from robust demand for sports toys, fashion dolls and accessories, and STEM toys. Stocks like HAS, MAT and JAKK are well-positioned at the moment.
In the latest trading session, Hasbro (HAS) closed at $66.71, marking a -0.13% move from the previous day.
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HAS emphasizes MAGIC: The Gathering, cost cuts and Disney ties, to drive growth. Yet, macro uncertainty and tariff risks cloud the outlook.