[Executive Summary / Company Overview](index=1&type=section&id=Executive%20Summary%20%2F%20Company%20Overview) Hasbro reported strong Q1 2025 financial results with significant revenue and profit growth, driven by strategic shifts and key segment performance, while maintaining its full-year outlook [Introduction](index=1&type=section&id=Introduction) Hasbro, Inc. reported strong financial results for Q1 2025, including growth in revenue, operating profit, and net earnings, and announced a quarterly dividend - Hasbro, Inc. (NASDAQ: HAS) reported Q1 2025 financial results, with growth in revenue, operating profit, and net earnings[1](index=1&type=chunk) [First Quarter 2025 Highlights](index=1&type=section&id=First%20Quarter%202025%20Highlights) Hasbro's Q1 2025 revenue grew 17%, primarily driven by a 46% increase in the Wizards and Digital Gaming segment, with significant growth in operating profit and EPS reflecting a favorable business mix and profitability Key Financial Highlights for Q1 2025 | Metric | Q1 2025 | Change | | :-------------------------------- | :------ | :----- | | Total Revenue | +17% | | | Wizards and Digital Gaming Revenue | +46% | | | Consumer Products Revenue | -4% | (Exceeded expectations) | | Operating Profit | $171M | | | Operating Profit Margin | 19.2% | | | Adjusted Operating Profit | $222M | +$74M | | Adjusted Operating Profit Margin | 25.1% | +5.5 percentage points | | Diluted EPS | $0.70 | | | Adjusted Diluted EPS | $1.04 | | | Operating Cash Flow | $138M | ($178M in prior year) | | Returned to Shareholders | $98M | (Dividends) | | Debt Reduction | $50M | | | Tariff Impact | No significant impact | (Due to timing of implementation) | - `Monopoly Go!` contributed **$39 million** in revenue this quarter[6](index=6&type=chunk) [CEO and CFO Commentary](index=1&type=section&id=CEO%20and%20CFO%20Commentary) CEO Chris Cocks highlighted the success of the "Playing to Win" strategy, rigorous execution, and key partnerships, while CFO Gina Goetter noted strong revenue and profit growth from a strategic shift to higher-margin businesses, with Wizards and licensing strength offsetting tariff pressures - CEO Chris Cocks stated that the "Playing to Win" strategy is yielding results in a challenging environment, with the company performing well through rigorous execution, collaboration with outstanding partners like Disney, and investments for the future[2](index=2&type=chunk) - CFO Gina Goetter noted strong Q1 revenue growth and significant profit improvement, driven by a strategic shift to higher-margin businesses, with the strength of the Wizards business, licensing, and an asset-light model continuing to offset tariff pressures and support margins[3](index=3&type=chunk) [Segment Performance](index=1&type=section&id=Segment%20Performance) Hasbro's Q1 2025 performance was driven by exceptional growth in Wizards of the Coast and Digital Gaming, offsetting a slight decline in Consumer Products and an operating loss in Entertainment [Wizards of the Coast and Digital Gaming](index=1&type=section&id=Wizards%20of%20the%20Coast%20and%20Digital%20Gaming) This segment was a primary growth driver, with revenue increasing 46% and operating profit up 87%, primarily fueled by Magic: The Gathering (tabletop and ARENA), digital and licensed games, and Dungeons & Dragons Wizards of the Coast and Digital Gaming Segment Performance | Metric | Q1 2025 | Q1 2024 | Change % | | :-------------------------- | :------ | :------ | :------- | | External Net Revenue | $462.1M | $316.3M | 46% | | Operating Profit | $230.0M | $122.8M | 87% | | Operating Profit Margin | 49.8% | 38.8% | +11.0 percentage points | Wizards of the Coast and Digital Gaming Segment Revenue by Category | Category | Q1 2025 Revenue | Q1 2024 Revenue | Change % | | :---------------------- | :-------------- | :-------------- | :------- | | Tabletop Games | $343.8M | $228.2M | 51% | | Digital and Licensed Games | $118.3M | $88.1M | 34% | | Magic: The Gathering | $346.3M | $237.9M | 46% | | Total Hasbro Gaming | $550.1M | $408.0M | 35% | - Growth was primarily driven by strong performance in **Magic: The Gathering** (both tabletop and ARENA), along with continued momentum in digital and licensed games and **Dungeons & Dragons**[6](index=6&type=chunk) [Consumer Products](index=2&type=section&id=Consumer%20Products) The Consumer Products segment saw a 4% revenue decrease but exceeded expectations due to strong licensing performance; despite a negative operating profit margin, the adjusted margin improved by 1.4 percentage points, benefiting from lower operating expenses Consumer Products Segment Performance | Metric | Q1 2025 | Q1 2024 | Change % | | :-------------------------- | :------ | :------ | :------- | | External Net Revenue | $398.3M | $413.0M | -4% | | Operating Profit (Loss) | $(43.9)M | $(46.9)M | 18% (Improvement) | | Operating Profit Margin | -11.0% | -11.4% | +0.4 percentage points | | Adjusted Operating Profit Margin | -7.8% | -9.2% | +1.4 percentage points | - Revenue decreased by **4%** but exceeded expectations due to strong licensing performance[13](index=13&type=chunk) - Key brands including **MARVEL**, **BEYBLADE**, **TRANSFORMERS**, **MONOPOLY**, and licensed products all achieved growth[13](index=13&type=chunk) Consumer Products Segment Net Revenue by Major Geographic Region | Geographic Region | Q1 2025 Revenue | Q1 2024 Revenue | Change % | | :---------------- | :-------------- | :-------------- | :------- | | North America | $231.4M | $239.1M | -3% | | Europe | $85.0M | $87.5M | -3% | | Asia Pacific | $53.8M | $48.8M | 10% | | Latin America | $28.1M | $37.6M | -25% | [Entertainment](index=2&type=section&id=Entertainment) The Entertainment segment's revenue decreased by 5% due to transaction timing, resulting in an operating loss of $11 million compared to a profit in the prior year, with adjusted operating profit also slightly down Entertainment Segment Performance | Metric | Q1 2025 | Q1 2024 | Change % | | :-------------------------- | :------ | :------ | :------- | | External Net Revenue | $26.7M | $28.0M | -5% | | Operating Profit (Loss) | $(11.2)M | $5.8M | (Shift from profit to loss) | | Adjusted Operating Profit | $17.4M | $18.2M | -4% | Entertainment Segment Net Revenue by Category | Category | Q1 2025 Revenue | Q1 2024 Revenue | Change % | | :------------- | :-------------- | :-------------- | :------- | | Film and TV | $4.3M | $0M | >100% | | Family Brands | $22.4M | $28.0M | -20% | - The **5%** revenue decrease this quarter was related to the timing of transactions[13](index=13&type=chunk) [Financial Outlook and Capital Allocation](index=2&type=section&id=Financial%20Outlook%20and%20Capital%20Allocation) Hasbro reaffirms its 2025 financial guidance, prioritizing core business investment, balance sheet strengthening, and consistent shareholder returns through dividends [2025 Company Outlook](index=2&type=section&id=2025%20Company%20Outlook) Hasbro maintains its full-year 2025 guidance issued on February 20, citing uncertainty in the current tariff environment, with capital allocation priorities focused on investing in core businesses, strengthening the balance sheet to achieve leverage targets, and returning cash to shareholders - The company is not changing its full-year 2025 guidance issued on February 20, given the uncertainty in the current tariff environment[8](index=8&type=chunk) - The company's capital allocation priorities are to invest in its core businesses; strengthen its balance sheet and achieve its leverage targets; and return cash to shareholders[8](index=8&type=chunk) [Dividend Announcement](index=2&type=section&id=Dividend%20Announcement) Hasbro paid **$98 million** in cash dividends to shareholders in Q1 and announced a quarterly cash dividend of **$0.70 per share**, payable on June 4, 2025, to shareholders of record as of May 21, 2025 - The company paid **$98 million** in cash dividends to shareholders in the first quarter[9](index=9&type=chunk) - The Board of Directors has declared a quarterly cash dividend of **$0.70 per share**, payable on June 4, 2025, to shareholders of record at the close of business on May 21, 2025[9](index=9&type=chunk) [About Hasbro](index=2&type=section&id=About%20Hasbro) Hasbro is a leading global game, IP, and toy company with over a century of experience, committed to creating joy through play and consistently recognized for its strong corporate citizenship [Company Profile](index=2&type=section&id=Company%20Profile) Hasbro is a leading game, IP, and toy company dedicated to creating joy and community through the magic of play, leveraging over 100 years of expertise to unlock value from new and existing IPs across various entertainment forms to reach global audiences - Hasbro is a leading game, IP, and toy company with a mission to create joy and community through the magic of play, boasting over **100 years of expertise**[11](index=11&type=chunk) - Through its Franchise-First strategy, Hasbro unlocks value from new and existing IPs such as **Magic: The Gathering**, **Dungeons & Dragons**, **MONOPOLY**, **Hasbro Gaming**, **NERF**, **TRANSFORMERS**, **PLAY-DOH**, and **Peppa Pig**, as well as major partner brands[12](index=12&type=chunk) [Corporate Citizenship](index=2&type=section&id=Corporate%20Citizenship) For over a decade, Hasbro has consistently received recognition for its corporate citizenship, including being named one of 3BL Media's "100 Best Corporate Citizens" and a "2025 Industry Leader" by JUST Capital - Hasbro has consistently received recognition for its corporate citizenship for over a decade[13](index=13&type=chunk) - Recognitions include being named one of 3BL Media's **'100 Best Corporate Citizens'** and a **'2025 Industry Leader'** by JUST Capital[13](index=13&type=chunk)[14](index=14&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) Hasbro's Q1 2025 financial statements show increased net revenue, operating profit, and net earnings, alongside changes in cash flow and a strengthened balance sheet with reduced liabilities [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 30, 2025, Hasbro's total assets were **$6.0782 billion**, a slight decrease from March 31, 2024, with total liabilities also decreasing while total shareholders' equity increased Condensed Consolidated Balance Sheets (Millions of US Dollars) | Metric | March 30, 2025 | March 31, 2024 | | :--------------------------- | :------------- | :------------- | | Cash and Cash Equivalents | $621.1 | $570.2 | | Total Current Assets | $1,953.7 | $1,995.4 | | Total Assets | $6,078.2 | $6,203.0 | | Total Current Liabilities | $1,142.3 | $1,792.2 | | Long-Term Debt | $3,331.5 | $2,966.9 | | Total Liabilities | $4,880.7 | $5,173.1 | | Total Shareholders' Equity | $1,197.5 | $1,029.9 | [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations) In Q1 2025, Hasbro's net revenue was **$887.1 million**, a significant increase from Q1 2024, with operating profit and net earnings attributable to Hasbro also growing substantially, leading to higher diluted EPS Consolidated Statements of Operations (Millions of US Dollars) | Metric | Q1 2025 | Q1 2024 | As a % of Net Revenue (Q1 2025) | As a % of Net Revenue (Q1 2024) | | :--------------------------- | :------ | :------ | :-------------------------- | :-------------------------- | | Net Revenue | $887.1 | $757.3 | 100.0% | 100.0% | | Total Costs and Expenses | $716.4 | $641.1 | 80.8% | 84.7% | | Operating Profit | $170.7 | $116.2 | 19.2% | 15.3% | | Earnings Before Income Taxes | $136.6 | $81.0 | 15.4% | 10.7% | | Net Earnings | $99.5 | $59.1 | 11.2% | 7.8% | | Net Earnings Attributable to Hasbro, Inc. | $98.6 | $58.2 | 11.1% | 7.7% | | Diluted Earnings Per Share | $0.70 | $0.42 | | | | Cash Dividends Declared | $0.70 | $0.70 | | | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities decreased to **$138.1 million** in Q1 2025 from **$177.8 million** in Q1 2024, primarily due to changes in operating assets and liabilities, while net cash used in investing and financing activities increased Condensed Consolidated Statements of Cash Flows (Millions of US Dollars) | Metric | Q1 2025 | Q1 2024 | | :--------------------------- | :------ | :------ | | Net Cash Provided by Operating Activities | $138.1 | $177.8 | | Net Cash Used in Investing Activities | $(52.4) | $(48.1) | | Net Cash Used in Financing Activities | $(162.4) | $(108.9) | | Net Increase (Decrease) in Cash and Cash Equivalents | $(73.9) | $24.8 | | Cash and Cash Equivalents at End of Period | $621.1 | $570.2 | [Non-GAAP Financial Measures and Reconciliations](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) Hasbro utilizes various non-GAAP metrics to provide a clearer view of underlying business performance by adjusting for specific non-recurring or non-operational items, enhancing transparency for investors [Non-GAAP Measures Definition](index=4&type=section&id=Non-GAAP%20Measures%20Definition) Hasbro uses several non-GAAP financial measures, including adjusted operating profit, adjusted operating profit margin, adjusted net earnings, adjusted diluted EPS, EBITDA, and adjusted EBITDA, which exclude specific items like acquisition-related intangible asset amortization, strategic transformation initiatives, restructuring, and severance costs, and business divestiture-related costs to provide a clearer view of underlying business performance - Non-GAAP measures include **adjusted operating profit**, **adjusted operating profit margin**, **adjusted net earnings**, **adjusted diluted EPS**, **EBITDA**, and **adjusted EBITDA**[18](index=18&type=chunk) - These measures exclude items such as acquisition-related intangible asset amortization, strategic transformation initiatives, restructuring and severance costs, business disposition losses, and costs related to the eOne film and TV business divestiture[18](index=18&type=chunk) - Management believes these adjusted metrics provide investors with insight into the underlying performance of the business, excluding the impact of non-recurring events, and reflect resources available for strategic opportunities[18](index=18&type=chunk) [Reconciliation of EBITDA and Adjusted EBITDA](index=11&type=section&id=Reconciliation%20of%20EBITDA%20and%20Adjusted%20EBITDA) Hasbro's EBITDA increased to **$212.4 million** in Q1 2025 from **$157.8 million** in Q1 2024, with adjusted EBITDA showing a more significant increase to **$274.3 million**, reflecting adjustments for share-based compensation, strategic transformation initiatives, restructuring, and divestiture-related costs Reconciliation of EBITDA and Adjusted EBITDA (Millions of US Dollars) | Metric | Q1 2025 | Q1 2024 | | :--------------------------- | :------ | :------ | | Net Earnings Attributable to Hasbro, Inc. | $98.6 | $58.2 | | EBITDA | $212.4 | $157.8 | | Adjusted EBITDA | $274.3 | $172.8 | - Adjustments to adjusted EBITDA for Q1 2025 include **$18.4 million** for share-based compensation, **$7.2 million** for strategic transformation initiatives, **$5.9 million** for restructuring and severance costs, **$25.0 million** for business disposition losses, and **$5.4 million** for costs related to the eOne film and TV business divestiture[27](index=27&type=chunk) [Reconciliation of Adjusted Operating Profit](index=12&type=section&id=Reconciliation%20of%20Adjusted%20Operating%20Profit) Adjusted operating profit for Q1 2025 significantly increased to **$222.4 million** from **$148.6 million** in Q1 2024, with adjustments primarily accounting for acquisition-related intangible asset amortization, strategic transformation initiatives, restructuring costs, and divestiture-related expenses Reconciliation of Adjusted Operating Profit (Millions of US Dollars) | Metric | Q1 2025 | Q1 2024 | | :--------------------------- | :------ | :------ | | Operating Profit (Loss) | $170.7 | $116.2 | | Non-GAAP Adjustments | $51.7 | $32.4 | | Adjusted Operating Profit (Loss) | $222.4 | $148.6 | - Non-GAAP adjustments to operating profit for Q1 2025 include **$12.4 million** for acquisition-related intangible asset amortization, **$7.2 million** for strategic transformation initiatives, **$5.9 million** for restructuring and severance costs, **$25.0 million** for business disposition losses, and **$1.2 million** for costs related to the eOne film and TV business divestiture[28](index=28&type=chunk) [Reconciliation of Net Earnings and EPS](index=13&type=section&id=Reconciliation%20of%20Net%20Earnings%20and%20EPS) Adjusted net earnings attributable to Hasbro significantly increased to **$147.0 million** (**$1.04 diluted EPS**) in Q1 2025, up from **$84.9 million** (**$0.61 diluted EPS**) in Q1 2024, driven by multiple non-GAAP adjustments Reconciliation of Net Earnings and EPS (Millions of US Dollars, except per share data) | Metric | Q1 2025 | Diluted EPS (Q1 2025) | Q1 2024 | Diluted EPS (Q1 2024) | | :--------------------------- | :------ | :-------------------------- | :------ | :-------------------------- | | Net Earnings Attributable to Hasbro, Inc. | $98.6 | $0.70 | $58.2 | $0.42 | | Adjusted Net Earnings Attributable to Hasbro, Inc. | $147.0 | $1.04 | $84.9 | $0.61 | - Key adjustments to adjusted net earnings for Q1 2025 include **$9.3 million** for acquisition-related intangible asset amortization, **$5.5 million** for strategic transformation initiatives, **$4.5 million** for restructuring and severance costs, **$25.0 million** for business disposition losses, and **$4.1 million** for costs related to the eOne film and TV business divestiture[29](index=29&type=chunk)[30](index=30&type=chunk) [Forward-Looking Statements and Risks](index=3&type=section&id=Forward-Looking%20Statements%20and%20Risks) This section outlines Hasbro's forward-looking statements regarding future performance and strategies, emphasizing the inherent risks and uncertainties that could cause actual results to differ materially [Forward-Looking Statement Safe Harbor](index=3&type=section&id=Forward-Looking%20Statement%20Safe%20Harbor) This press release contains forward-looking statements regarding business strategy, product expectations, tariff impacts, cost savings, and financial targets, which are subject to various known and unknown risks and uncertainties, including the ability to execute strategies, market competition, tariff effects, global economic conditions, and reliance on third parties - This press release contains "forward-looking statements" regarding business strategies and plans, product, game, and entertainment expectations, anticipated impact of tariffs, cost savings, and financial targets and guidance[16](index=16&type=chunk) - Actual actions or results may differ materially from forward-looking statements due to known and unknown risks and uncertainties, including the ability to successfully implement and execute business strategies, competitive capabilities in the gaming industry, the imposition or threat of tariffs, global and regional economic conditions, and reliance on third-party relationships[16](index=16&type=chunk)[19](index=19&type=chunk) - Additional risks include concentration of product manufacturing in China, success of key partner brands, ability to attract and retain talent, ability to achieve cost savings and efficiencies, asset and intellectual property protection, seasonality, product recalls, and changes in accounting treatment, tax laws, or regulations[19](index=19&type=chunk)

Group 1 - The U.S. stock market experienced a significant rebound after a period of decline, with the Dow Jones Industrial Average gaining 2.6%, S&P 500 up 3%, and Nasdaq increasing by 4% [2] - Consumer goods companies such as Hasbro and Mattel saw notable stock price increases, with Hasbro up 5.1% and Mattel up 6.6% [2] - The optimism in the market is attributed to President Trump's announcement of a potential substantial reduction in tariffs on Chinese imports, which previously stood at 145% [5][6] Group 2 - Hasbro and Mattel rely heavily on imports from China, with estimates suggesting that up to 70% of their toys are sourced from there, making them vulnerable to high tariffs [5][6] - Walmart, as a major retailer, also sources a significant portion of its consumer goods from China, thus benefiting from the reduced tariff threat [6] - Valuation remains a critical factor for investors, with Hasbro trading at a price-to-earnings (P/E) ratio of 19 and Mattel at 9, compared to Walmart's higher P/E ratio of nearly 40 [7]

Core Viewpoint - Hasbro, Inc. is set to report its first-quarter fiscal 2025 results on April 24, with expectations of earnings growth and revenue increase compared to the previous year [1][2]. Financial Estimates - The Zacks Consensus Estimate for earnings is 67 cents per share, reflecting a growth of 9.8% from 61 cents reported a year ago [2]. - Revenue estimates stand at $769.7 million, indicating a rise of 1.6% from the prior-year quarter [2]. Performance Factors - Strong performance in the MAGIC ecosystem, growth in licensing, and lower promotional discounts are expected to positively impact Hasbro's results [3]. - The focus on entertainment pipeline, strategic partnerships, and new product innovations is anticipated to contribute to favorable outcomes [3]. Revenue Projections - Franchise brand revenues are projected to increase by 1% year over year to $612.8 million, while Partner brands are expected to grow by 5.1% to $92.1 million [4]. - Portfolio brand revenues are predicted to decline by 4.4% year over year to $60.3 million [4]. Gaming Demand - Hasbro is experiencing strong demand in gaming, with a diverse gaming portfolio and initiatives aimed at enhancing gaming experiences across various platforms [5]. - The company's shift towards technology-driven toys and product launches is likely to support long-term profit growth [5]. External Challenges - The uncertain global tariff environment may continue to impact Hasbro's operations, raising production costs and potentially affecting sales and profitability [6]. - Tariffs on Chinese imports and possible retaliatory measures have previously strained operations and are expected to affect performance in the upcoming quarter [6]. Earnings Prediction Model - The current model does not predict an earnings beat for Hasbro, with an Earnings ESP of -4.19% and a Zacks Rank of 3 [7].

In its upcoming report, Hasbro (HAS) is predicted by Wall Street analysts to post quarterly earnings of $0.69 per share, reflecting an increase of 13.1% compared to the same period last year. Revenues are forecasted to be $769.7 million, representing a year-over-year increase of 1.6%.Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...

Hasbro, Inc. (NASDAQ: HAS ) isn’t the type of stock I usually cover, and it may not be the most popular ticker among retail investors today. However, there is certainly a lot to say about this company right now, bothI’m passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial modeling, and creatin ...

Company Performance - Hasbro's stock closed at $52.49, reflecting a -1.61% change from the previous session, underperforming the S&P 500's loss of 0.17% [1] - Over the past month, Hasbro's shares have depreciated by 11.41%, compared to a 6.68% loss in the Consumer Discretionary sector and a 3.94% loss in the S&P 500 [1] Upcoming Earnings Report - Hasbro is scheduled to release its earnings on April 24, 2025, with projected earnings of $0.73 per share, indicating a year-over-year growth of 19.67% [2] - The consensus estimate for revenue is $769.7 million, representing a 1.64% increase compared to the same quarter of the previous year [2] Annual Forecast - Zacks Consensus Estimates forecast earnings of $4.16 per share and revenue of $4.15 billion for the year, reflecting changes of +3.74% and +0.38% respectively compared to the previous year [3] - Recent revisions to analyst forecasts are crucial as they reflect near-term business trends, with positive alterations indicating analyst optimism [3] Valuation Metrics - Hasbro's Forward P/E ratio is currently 12.84, which is a premium compared to the industry average Forward P/E of 8.95 [6] - The company has a PEG ratio of 1.91, while the average PEG ratio for Toys - Games - Hobbies stocks is 1.78 [7] Industry Context - The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector and currently holds a Zacks Industry Rank of 204, placing it in the bottom 18% of all industries [8] - The Zacks Industry Rank evaluates the performance of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Insights - The U.S. toy industry is facing significant challenges due to increased tariffs imposed by President Trump, with a 10% baseline tariff affecting nearly all countries and much higher tariffs on China (54%) and Vietnam (46%) [3][5][6] - The tariffs are expected to lead to substantial price increases for consumers, with estimates suggesting potential hikes of 35% to 50% on toys [8][9] - Major toy companies like Hasbro and Mattel are already experiencing stock declines, with Mattel shares dropping over 16.5% and Hasbro losing more than 12% following the tariff announcements [7] Industry Impact - Approximately 77% of toys imported into the U.S. come from China, with Vietnam being a significant secondary source [4] - The tariffs are causing toy companies to scramble for solutions, including potential production shifts to other countries, but these alternatives are also facing tariffs [5][6] - Analysts predict that companies will attempt to renegotiate contracts and alter packaging to mitigate costs, but ultimately, consumers will bear the burden of the increased tariffs [7][8] Consumer Effects - The Toy Association anticipates that price hikes will align with the back-to-school season, disproportionately affecting lower-income consumers [9] - The industry's profit margins are already thin, making it difficult for companies to absorb the tariff costs without passing them on to consumers [8]

Shares of Hasbro (HAS -12.36%), Mattel (MAT -16.36%), and Funko (FNKO -17.94%) were getting crushed today as investors reacted to President Donald Trump's announcement of reciprocal tariffs last night.Consumer discretionary stocks are getting hit especially hard since many of these products are imported from abroad, and consumers don't need to buy them. Toys are an especially discretionary category so it wasn't surprising to see shares of Hasbro, Mattel, and Funko all falling sharply today.The S&P 500 finis ...

Hasbro (HAS) closed the most recent trading day at $60.54, moving +0.26% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.08%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq added 0.52%.Heading into today, shares of the toy maker had lost 12.57% over the past month, lagging the Consumer Discretionary sector's loss of 8.41% and the S&P 500's loss of 7.33% in that time.Investors will be eagerly watching for the performance of Hasbro in its upcoming earnings dis ...

The Zacks Toys - Games – Hobbies industry benefits from the robust demand for smart toys, STEM (science, technology, engineering and math) toys, sports toys, and fashion dolls and accessories. Industry participants have been undertaking efforts on the digital front and focusing on better execution of marketing and promotional initiatives to drive growth. Stocks like Hasbro, Inc. (HAS) and Mattel, Inc. (MAT) are likely to gain from these trends.Industry Description The Zacks Toys - Games – Hobbies industry c ...