US News reports Hasbro will raise prices again later this year due to increasing costs of supplies as well as the pausing of product sales to Russia. The response to the invasion of Ukraine in recent weeks may cost Hasbro as much as $100 million in sales lost. Prices are expected to increase this summer.
Hasbro Inc said on Tuesday it would have to raise prices further to cope with soaring costs and warned of a potential revenue hit of about $100 million this year due to its decision to pause toy shipments to Russia.
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"To improve product in stocks this holiday season versus last, we're advancing deliveries of key items so that we can ensure they're on hand," said Chief Financial Officer Deborah Thomas on an analyst call.
Read the full report at
usnews.com
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