Toymaker Hasbro echoes rival Mattel in predicting tepid sales 

Revenue in its Wizards of the Coast segment, which includes games such as Baldur’s Gate III and Monopoly Go!, is forecast to decrease

Hasbro makes Monopoly and other games.

Hasbro said it expects a bigger hit to revenue in the first half of 2024 after reporting a steeper-than-expected drop in Christmas holiday quarter results, as the Monopoly maker grapples with persistently weak demand for toys.

"We are forecasting revenue trends will improve as we move through the year with steeper declines in Q1 and Q2," chief financial officer Gina Goetter said. Hasbro executives warned that "a lot of older discounted inventory still remains" in its growth channels and value resellers, which will need a quarter or two to work through.