GXO and Hasbro Open Flagship U.S. Distribution Center The 600,000‑square‑foot distribution center is located in Midway, Georgia Next‑generation facility highlights long‑standing partnership and accelerates logistics capabilities for Hasbro’s iconic global brands GREENWICH, Conn., March 19, 2026 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced the grand opening of Hasbro’s new flagship 600,000‑square‑foot distribution center i ...

Core Insights - Hasbro has opened its first fully developed and branded distribution center in the U.S. located in Midway, Georgia, marking a significant milestone in its supply chain innovation and operational efficiency [2][3] Group 1: Facility Overview - The new distribution center spans 600,000 square feet and was developed in partnership with GXO, enhancing Hasbro's omni-channel distribution capabilities across North America [2][3] - This facility accounts for approximately 25% of Hasbro's U.S. distribution footprint, complementing existing warehouses in Chino, California, and Joliet, Illinois [3] Group 2: Operational Impact - The center is expected to create between 60 and 70 jobs during standard operations, with seasonal employment potentially reaching up to 125 during peak periods [4] - It is projected to generate approximately $8 million in annual productivity savings, which will be reinvested into Hasbro's ongoing efficiency initiatives [4] Group 3: Strategic Importance - The facility is positioned as a key distribution hub in Hasbro's U.S. logistics network, supporting both brick-and-mortar retail partners and direct-to-consumer operations through Hasbro Pulse [3] - The investment in this distribution center reflects Hasbro's commitment to operational excellence and its transformation into a modern play and entertainment company [3]

Core Viewpoint - Hasbro's stock has underperformed in recent trading sessions and is facing challenges ahead of its upcoming earnings report, with expectations of a decline in earnings per share (EPS) compared to the previous year [1][2]. Financial Performance - Hasbro's stock closed at $91.63, down 1.77% from the previous session, underperforming the S&P 500's loss of 1.36% [1] - The stock has decreased by 8.75% over the past month, significantly worse than the Consumer Discretionary sector's loss of 2.08% and the S&P 500's loss of 1.76% [1] - The anticipated EPS for the upcoming earnings report is $0.97, reflecting a 6.73% decrease year-over-year [2] - Quarterly revenue is expected to be $911.59 million, which is a 2.76% increase from the same period last year [2] - For the entire fiscal year, earnings are projected at $5.66 per share and revenue at $4.92 billion, indicating increases of 2.17% and 4.73% respectively from the prior year [3] Analyst Estimates and Market Sentiment - Recent revisions to analyst estimates suggest a positive outlook, with a 1.29% upward shift in the Zacks Consensus EPS estimate over the past month [5] - Hasbro currently holds a Zacks Rank of 3 (Hold), indicating a neutral sentiment among analysts [5] Valuation Metrics - Hasbro's Forward P/E ratio stands at 16.47, which is higher than the industry average of 12.04, suggesting a premium valuation [6] - The Toys - Games - Hobbies industry, part of the Consumer Discretionary sector, ranks in the bottom 7% of all industries according to the Zacks Industry Rank [6]

Hasbro, Inc. (NASDAQ:HAS) is included among the 15 Best Dividend Leaders to Buy Right Now. Wells Fargo Starts Coverage of Hasbro (HAS), Sees Balanced Risk and Reward On March 11, Wells Fargo initiated coverage of Hasbro, Inc. (NASDAQ:HAS) with an Equal Weight rating. The firm also set a $98 price target on the stock. The analyst said growth in the toy industry remains challenging and noted that Hasbro has been losing share in several key categories. Wells Fargo added that risk and reward appear balanced ...

Core Viewpoint - Toymaker Hasbro is suing for refunds of tariffs paid under President Trump's emergency trade measures, which were ruled illegal by the U.S. Supreme Court [1] Group 1: Company Actions - Hasbro has not disclosed the total amount paid in IEEPA tariffs but is seeking full refunds along with interest [2] - The lawsuit filed by Hasbro is part of a larger trend, with over 2,000 similar cases filed in the U.S. Court of International Trade since April [2] - Hasbro is represented by the law firm Sandler, Travis & Rosenberg, which is also representing other companies in their IEEPA lawsuits [3] Group 2: Industry Context - Other companies, including L'Oreal, Dyson, and Bausch + Lomb, have also filed lawsuits against U.S. Customs and Border Protection for IEEPA refunds [2] - The trend of companies seeking refunds highlights the widespread impact of the tariffs and the legal challenges arising from them [2]

Revenue Growth - Consolidated net revenues for the year ended December 28, 2025, increased 13.7% to $4,701.3 million from $4,135.5 million in 2024, primarily driven by a 44.7% growth in the Wizards of the Coast and Digital Gaming segment [206]. - The Grow Brands portfolio net revenues increased 24.4% in 2025, reflecting higher revenues from MAGIC: THE GATHERING, which increased by $641.5 million, and MONOPOLY, which contributed $168.0 million in 2025 compared to $112.2 million in 2024 [208]. - Total net revenues increased by 13.7% to $4,701.3 million in 2025 from $4,135.5 million in 2024 [230]. - Wizards of the Coast and Digital Gaming segment net revenues rose 44.7% to $2,186.9 million in 2025, driven by a 62.2% increase in tabletop gaming revenue [231]. - Consumer Products segment net revenues decreased by 4.2% to $2,437.6 million in 2025, primarily due to reduced sales volumes and tariff impacts [233]. - The Entertainment segment net revenues decreased by 4.4% to $76.8 million in 2025, primarily due to the timing of streaming renewals [236]. Expenses and Impairments - The Company recognized a non-cash goodwill impairment of $1,021.9 million in the Consumer Products segment during 2025, with no impairment charges recorded in 2024 [202][217]. - Cost of sales increased 9.9% to $1,296.2 million, or 27.6% of net revenues, for 2025, which included $44.9 million of tariff costs [211][203]. - Royalties totaled $368.9 million, or 7.8% of net revenues, in 2025, up from $284.2 million, or 6.9% of net revenues, in 2024, driven by increased sales of MAGIC: THE GATHERING products [213]. - Product development expenses rose to $385.6 million, or 8.2% of net revenues, in 2025, compared to $294.1 million, or 7.1% of net revenues, in 2024, reflecting investments in digital game development [214]. - Advertising expenses decreased to $316.9 million, or 6.7% of net revenues, in 2025, primarily due to reduced spending in the Consumer Products segment [215]. - The Optimize Brands portfolio net revenues decreased 4.6% in 2025, driven by lower revenues from STAR WARS products due to a reduced slate of entertainment releases [209]. - The Reinvent Brands portfolio net revenues decreased 13.7% in 2025, primarily due to lower revenues from NERF and the lapping of prior year's licensing revenues for MY LITTLE PONY trading cards [210]. - The Company recorded a net loss of $322.4 million, or $(2.30) per share, in 2025, compared to net earnings of $385.6 million, or $2.77 per share, in 2024 [205]. - Selling, distribution and administration expenses decreased to $1,173.9 million, or 25.0% of net revenues in 2025, from $1,213.2 million, or 29.3% in 2024 [219]. - The Company recorded aggregate pre-tax non-cash impairment charges of $1,021.9 million for its regional Consumer Products reporting units in Q2 2025, as their carrying values exceeded fair values [242]. Financial Position and Cash Flow - Cash flows provided by operating activities were $893.2 million in 2025, an increase from $847.4 million in 2024, with net earnings after adjusting for non-cash items rising to $1,213.5 million [263]. - Net cash utilized by investing activities was $284.4 million in 2025, reflecting significant investments in U.S. Treasury bills, property, plant, and equipment, and software development [264]. - The Company expects total cash capital expenditures in fiscal year 2026 to be approximately $250 million, funded by available cash or cash generated from operations [265]. - Net cash utilized by financing activities was $531.3 million in 2025, including dividends paid of $392.5 million and repayments of long-term debt of $118.2 million [266]. - As of December 28, 2025, the Company had $776.6 million in cash and cash equivalents and $3,281.9 million in total long-term debt [253]. - The Company had no borrowings outstanding under its committed revolving credit facility as of December 28, 2025, with approximately $1.25 billion available and unused under the committed line [256]. Risks and Future Outlook - The impact of tariffs recognized in the cost of sales was approximately $44.9 million during 2025, which could affect future financial results due to changes in trade policy [255]. - The Company estimates a hypothetical immediate 10% depreciation of the U.S. dollar could result in an approximate $23.3 million decrease in the fair value of foreign exchange instruments [270]. - The Company is exposed to foreign currency risk with respect to its net cash and cash equivalents, but believes the ongoing risk should not be material [272]. - The Company monitors the impact of inflation on its operations and may need to implement price adjustments to mitigate future impacts [279]. - The bankruptcy of a significant retailer could negatively impact the Company's future revenues [277]. - The Company does not hedge against translation impacts of foreign exchange, which can materially affect revenues and earnings [272].

Superheroes. Space cowboys and little yellow minions are returning to the big screen, and toymakers like Hasbro and Mattel are banking it will help them boost sales and capture a fresh wave of fans. Titles like Toy Story 5, The Mandalorian and Grogu and Masters of the Universe are 'toyetic,' which just means that their stories and characters lend themselves to being played out with toys.So think those retractable lightsabers or poseable superhero action figures. And toys aren't just a hit with kids, kidadul ...

Core Insights - The competitive landscape between Hasbro and Mattel is shifting, with Hasbro gaining an edge due to its successful trading card game division, Wizards of the Coast [3][4]. Financial Performance - For fiscal year 2025, Hasbro's revenue increased by 14% to $4.7 billion, while Mattel's net sales decreased by 1% to $5.3 billion [4]. - Hasbro's stock rose approximately 46% over the past year, trading around $100, whereas Mattel's shares fell over 20%, trading at about $17 [5]. Business Segments - Hasbro's Wizards of the Coast division, which includes Dungeons & Dragons and Magic: The Gathering, saw a revenue increase of 45% to $2.1 billion in 2025, contributing significantly to the company's profits [9][12]. - The digital gaming segment of Hasbro also experienced a 6% revenue increase in 2025, driven by the success of "Monopoly Go!" [14]. Market Trends - The overall toy industry in the U.S. saw a 6% increase in total annual dollar sales in 2025, with unit sales rising by 3%, indicating a stable demand despite economic pressures [19][20]. - Mattel's flagship brands, including Barbie and Fisher-Price, are facing sales declines, while its vehicles division reported an 11% increase in gross billings [17]. Future Outlook - Hasbro plans to launch new Magic sets based on popular franchises in 2026, forecasting mid-single-digit growth for its Wizards business [13]. - Mattel is beginning to invest in digital gaming, acquiring full ownership of its Mattel163 joint venture, which could enhance its profit margins over time [15][16].

Group 1 - The U.S. Supreme Court ruled 6-3 against Trump's global tariffs, which were enacted under a federal law for national emergencies, leading to a proposed 10% global tariff for 150 days to replace the struck-down duties [1][10] - Major companies such as Alphabet, Amazon, and Apple saw stock increases of 3.7%, 2.6%, and 1.5% respectively, indicating a positive market reaction to the tariff ruling [2][10] - Shares of U.S. toymaker Hasbro, online furniture retailer Wayfair, and luxury furniture retailer RH gained between 0.5% and 2.3%, reflecting relief among companies affected by tariffs [3][10] Group 2 - The S&P 500 index rose 0.69% to 6,909.51 points, while the Nasdaq and Dow Jones increased by 0.90% to 22,886.07 points and 0.47% to 49,625.97 points respectively [5][6][10] - Nine of the 11 S&P 500 sector indexes rose, with communication services leading at a 2.65% increase, followed by a 1.27% gain in consumer discretionary [6][10] - The S&P 500 posted 34 new highs and 7 new lows, while the Nasdaq recorded 81 new highs and 153 new lows, indicating a mixed performance in the market [8][10] Group 3 - U.S. economic growth slowed more than expected in the fourth quarter, and inflation picked up in December, influencing market sentiment [7][10] - Concerns about AI technology's impact on various industries, including software and logistics, have led to stock volatility, exemplified by Akamai Technologies' 14% slump after a profit forecast below estimates [8][10] - Volume on U.S. exchanges was relatively light, with 18.3 billion shares traded, compared to an average of 20.3 billion shares over the previous 20 sessions [9][10]

Group 1 - Mattel's stock price increased by 4% [1] - Hasbro's stock price rose by 1% [1]