Hasbro Anticipates Up to $300 Million Impact From Tariffs

Toy and gaming company Hasbro saw a revenue increase in the first quarter, but the ever-evolving tariff situation is making growth strategizing tricky.Net revenues reached $887 million in the first quarter, a 17% increase fueled by a 46% surge by Wizards of the Coast and licensed digital gaming, according to a Thursday (April 24) earnings release. Monopoly Go contributed$ 39 million of revenue alone in the quarter.Adjusted operating profit rose to $222 million, up$ 74 million over the previous quarter, per ...