If the 145% tariff on imports from China remains in place, Hasbro estimates it could face a financial impact of up to $300 million. The toy maker reported better-than-expected earnings but emphasized concerns over the ongoing trade tensions affecting its largest manufacturer. Hasbro maintained its full-year guidance, citing tariff uncertainties. CFO Gina Goetter stated that the company anticipates scenarios ranging from a 50% tariff to the current 145%, estimating a gross impact of $100 million to $300 million in 2025. CEO Chris Cocks noted that while no company is immune, Hasbro remains well-positioned due to its robust games and licensing businesses. Prolonged tariffs could lead to higher consumer prices and potential job losses. The company is exploring supply chain shifts, though some manufacturing remains cost-effective in China due to specialized capabilities. Price increases are unavoidable, but Hasbro aims to minimize the burden on consumers. The company remains hopeful for a more predictable U.S. trade policy environment.
— new from CNBC
