Toymaker Hasbro plans to raise prices as costs soar

The Monopoly maker's net revenue rose 4% to $1.16bn, boosted by demand for toys based on "Spider-Man: No Way Home"

'Monopoly' owner Hasbro lifted its fiscal 2022 operating profit growth forecast to mid-single digits from its earlier estimate of a low-single-digit rise.

Toymaker Hasbro said it would have to raise prices further to cope with soaring costs and warned of a potential revenue hit of about $100m (€92.5m) this year due to its decision to pause shipments to Russia.

Major American brands, including McDonald's and Coca-Cola, have ceased some or all of their business in Russia after its invasion of Ukraine, with the fast-food chain estimating an impact of about $50m a month.