Hasbro cuts annual sales outlook on weaker toy business ...Middle East

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People walk past the Beyblade Burst Speedstorm, by Hasbro, Inc., on display in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File photo Acquire Licensing Rights Oct 26 (Reuters) – Hasbro (HAS.O) cut its annual revenue forecast for the second time on Thursday, joining rival Mattel in warning of choppy toy sales into the crucial holiday quarter as price-conscious shoppers cut back on non-essential spending. Shares of the company fell nearly 5% in premarket trading as it also missed third-quarter revenue estimates. The company now expects fiscal 2023 revenue to fall 13% to 15%, compared with prior expectations of a 3% to 6% declin

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