Hasbro CEO: Tariff Pressure on Spending Akin to Great Recession -- Market Talk
Dow Jones
Apr 24
1110 ET - The impact to consumer spending on toys seen so far from President Trump's tariff campaign has been akin to the slowdown seen during the recession of 2008 and 2009, Hasbro CEO Chris Cocks says on a call with analysts. The toy category is once again down in the mid-single-digits, but Hasbro is doing a bit better this time thanks to its more diversified offerings, he says. The inflation outlook meanwhile is starting to look like it did during the pandemic in 2020 and 2021, the CEO says. "We basically see a combination of inflation and some recessionary pressures on the macro," Cocks says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 11:10 ET (15:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.