Shares in Hasbro fell 6% to around $48 after the earnings report.
In recent years, the company has reversed strategic course and taken a big step back from Hollywood.
Joe performed well in the quarter and met internal forecasts.
Two performers dressed as Transformers characters Optimus Prime, left, and BumblebeeDaniel Karmann/picture alliance via Getty Images
Its largely done, CEO Chris Cocks said of the effort to prune the portfolio.
CFO Gina Goetter added, Were done with the cleanup.
So, as we head into 2024, were rebuilding.
