Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit

Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit
The Hasbro, Inc. logo in a store in Manhattan, New York, on Nov. 16, 2021. Andrew Kelly/Reuters
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Toymaker Hasbro Inc. on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia’s invasion of Ukraine.

Hasbro’s shares fell 2 percent to $81.80 in low-volume premarket trading as a jump in freight and raw material costs bit into the company’s earnings.