Hasbro Inc
Companies — profitable or not — make 2024 the year of cost cuts
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]
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Hasbro reports 20% revenue drop, issues downbeat 2024 outlook
A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England. John Keeble | Getty Images Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Shares of the company dipped around 5% following […]
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Inventory futures are minor modified Monday soon after a report 7 days for the S&P 500: Dwell updates
Traders get the job done on the floor at the New York Inventory Trade (NYSE) in New York Metropolis, U.S., February 6, 2024. Brendan McDermid | Reuters U.S. stock futures hovered in close proximity to the flatline early Monday following a history-location 7 days for the S&P 500. Futures tied to the 500-inventory benchmark ended […]
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Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of […]
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Steer clear of these doable earnings blowups as reporting year starts, Wolfe Exploration states
There are some names this approaching earnings year traders may perhaps want to steer apparent from, in accordance to Wolfe Study. The reporting interval kicks off in earnest Friday, with JPMorgan Chase , Bank of The us and Citigroup between the organizations slated to submit fourth-quarter final results. Information from FactSet shows that S & […]
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From FedEx to airlines, companies are starting to lose their pricing power
Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week […]
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Etsy stock falls 7% soon after laying off 11% of its staff members, citing 'incredibly demanding' setting
The Etsy web site shown on a laptop. Gabby Jones | Bloomberg | Getty Photographs Etsy is laying off 11% of its workforce at the top of the holiday break period as the e-commerce huge looks to restructure its company and streamline charges in opposition to a “really complicated” macro and aggressive surroundings, the company […]
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Stocks building the biggest moves midday: Oracle, Lucid, Centene, Hasbro and additional
Check out out the providers earning headlines in midday investing. Oracle — The application company tumbled 11% on Tuesday, a working day soon after reporting reduce revenue than analysts envisioned for the fiscal 2nd quarter . Oracle posted $12.49 billion, beneath the consensus estimate of $13.05 billion from analysts polled by LSEG. Lucid Team — […]
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Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet. Shares of the company fell more than 4% […]
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Hunger Games prequel heads for $50 million opening weekend
Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate’s “Hunger Games: The Ballad of Songbirds and Snakes.” Lionsgate “Snow lands on top.” It’s the mantra of the main character Coriolanus Snow in the upcoming “Hunger Games: The Ballad of Songbirds and Snakes” and the hope of its distributor Lionsgate. […]
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