NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired Hasbro, Inc. (“Hasbro” or the “Company”) (Nasdaq: HAS) securities between February 7, 2022, and October 25, 2023, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company’s investors under the federal se ...

SAN DIEGO, Nov. 14, 2024 /PRNewswire/ -- Robbins LLP announces that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Hasbro, Inc. (NASDAQ: HAS) common stock between February 7, 2023 and October 25, 2023. Hasbro is a leading toy, game, and entertainment company with global reach.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investigating Allegations that Has ...

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Hasbro, Inc. (“Hasbro” or the “Company”) (NASDAQ: HAS) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Hasbro common stock between February 7, 2022, and October 25, 2023, both dates inclusive (the “Class Period”). Investors h ...

LOS ANGELES, Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hasbro, Inc. ("Hasbro" or the "Company") (NASDAQ:HAS) investors of a class action representing investors that bought securities between February 7, 2022 to October 25, 2023, inclusive (the "Class Period"). Hasbro investors have until January 13, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or ...

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the common stock of Hasbro, Inc. (“Hasbro” or the “Company”) (NASDAQ: HAS) between February 7, 2022 and October 25, 2023, inclusive. For more information, submit a form at Hasbro, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (21 ...

SAN DIEGO, Nov. 14, 2024 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Hasbro, Inc. (NASDAQ: HAS) common stock between February 7, 2022 and October 25, 2023, inclusive (the "Class Period"), have until January 13, 2025 to seek appointment as lead plaintiff of the Hasbro class action lawsuit. Captioned West Palm Beach Firefighters' Pension Fund v. Hasbro, Inc., No. 24-cv-08633 (S.D.N.Y.), the Hasbro class action lawsuit charges Hasbro and certain of Hasbro's top ...

SAN DIEGO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Hasbro class action lawsuit seeks to represent purchasers of Hasbro, Inc. (NASDAQ: HAS) common stock between February 7, 2022 and October 25, 2023, inclusive (the “Class Period”). Captioned West Palm Beach Firefighters’ Pension Fund v. Hasbro, Inc., No. 24-cv-08633 (S.D.N.Y.), the Hasbro class action lawsuit charges Hasbro and certain of Hasbro’s top current and former executives with violations of the Securitie ...

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Core Insights - Hasbro is experiencing challenges from a weak 2023, leading to excess inventory and a need to streamline its business by shedding less profitable segments [1][2] - The company reported a 15% decline in revenue for the third quarter, with the core toy segment down 10% and the Wizards of the Coast and Digital Gaming division also down 10% [1][2] - Despite the revenue decline, Hasbro posted earnings of $1.59 per share, a turnaround from a loss of $1.23 per share in the same quarter last year [2] Financial Performance - Revenue for the third quarter was $1.28 billion, slightly below expectations of $1.30 billion [2] - Excluding the impact of the divestiture of eOne, revenue would have declined by 9% instead of 15% [2] - The company’s stock fell nearly 6% following the earnings report [1] Strategic Initiatives - Hasbro is in a multi-year plan to shift its revenue mix towards games, digital, and intellectual property licensing, which are seen as the future of play [3] - The CEO noted improvements in margins, inventory levels, and cost structure, indicating progress in the turnaround plan [3] - Key initiatives in digital, licensing, and product innovation are starting to yield positive results [3] Product Performance - The Magic: The Gathering brand saw a 3% increase in revenue, and the Monopoly Go! digital game contributed $30 million during the quarter [5] - Sales of Transformers toys are expected to rise due to the recent Transformers movie, while Play-Doh is also performing well with a new product expected to be a holiday bestseller [5] Market Outlook - Analysts believe Hasbro is aware of the need to address declines in key categories like Star Wars and Nerf, and is taking steps to improve [6] - The holiday season may be challenging, but there is optimism for 2025 as the toy industry evolves [6][7] - Hasbro is seen as having the potential to turn challenges into opportunities despite facing significant hurdles [7]

Hasbro, Inc. (HAS) reported mixed third-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top line declined year over year while the bottom line increased from the prior year's quarter figure. Following the results, the stock fell 3.6% in the pre-market trading session on Oct. 24.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Earnings & RevenuesIn third-quarter 2024, HAS reported adjusted earnings per share (EPS) of $ ...