Home Economy Economic Activity Hasbro returns to profitability in 2024 after $1.5B loss a year earlier;...

Hasbro returns to profitability in 2024 after $1.5B loss a year earlier; stock soars

Updated at 4:30 p.m.

HASBRO INC. reported a profit of $385.6 million profit for 2024 following a loss of $1.49 billion a year prior. The improved bottom line as at least partially attributable to a drastic cut in costs and expenses. / COURTESY HASBRO INC.
HASBRO INC. reported a profit of $385.6 million profit for 2024 following a loss of $1.49 billion a year prior. The improved bottom line as at least partially attributable to a drastic cut in costs and expenses. / COURTESY HASBRO INC.

PAWTUCKET – Hasbro Inc. on Thursday reported a $385.6 million profit for 2024 as it drastically cut costs and expenses, allowing the company to bounce back from a loss of $1.49 billion a year earlier. The company also announced it is expanding its target savings goal from $750 million by the end of this year

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