Hasbro sees FY24 consumer products segment revenue down 7%-12%

Sees FY24 Consumer Products Segment revenue down 7%-12% with 4 points of the decline coming from businesses shifting to an out-license model; Operating margin 4%-6%; Wizards of the Coast Segment revenue down 3% to 5%; Operating margin 38%-40%; Pro-Forma Entertainment segment revenue down $15M; Adjusted operating margin of approximately 60%. Total Hasbro, Adjusted EBITDA $925M-$1B; and gross savings target to $750M by year end 2025.