Hasbro CFO Says Higher Oil Costs Are Raising Shipping Expenses
CFO and COO Gina Goetter said higher oil costs are beginning to flow through Hasbro’s profit and loss as shipping costs increase. Mitigation efforts and tariff refunds are helping offset the pressure.
Hasbro CFO and COO Gina Goetter said on the 3Q analyst call that the company is operating in a dynamic environment. She said higher oil costs are beginning to affect Hasbro’s profit and loss statement through increased shipping expenses, while mitigation efforts and tariff refunds are helping offset the impact.