secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0000046080-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.82
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro reports Q4 revenue down 17% YoY, announces ~1,000 job cuts and COO departure
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- Preliminary Q4 revenue ~$1.68B, down 17% YoY; adjusted EPS $1.29-$1.31.
- Consumer Products segment revenue down 26% YoY to ~$1.0B; Wizards of the Coast +22% to $339M.
- Company eliminating ~1,000 positions (15% of global full-time workforce) in 2023.
- Eric Nyman, President and COO, departing effective March 31, 2023.
- Targeting $250-300M annual cost savings by end of 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/0000046080-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/has-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000046080-23-000008

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