Hasbro reports 28% fall in quarterly profit as price hikes dent demand

(Reuters) - Toymaker Hasbro Inc reported a 28% fall in earnings on Tuesday as inflation-hit consumers were further discouraged by price hikes.

The company reported adjusted net earnings of $196.2 million, or $1.42 per share, in the third quarter ended Sept. 25, compared with $271.2 million, or $1.96 per share, a year earlier.

(Reporting by Granth Vanaik in Bengaluru; Editing by Shinjini Ganguli)