Hasbro reportedly has a positive early read on the back-to-school season and believes its inventory position is strong heading into the holiday season. The company expects its traditional toy business to see year-over-year growth in 2025 as the firm's transformation continues, and it sees more growth opportunity in its digital business as it appeals to more customers who are of older ages, Hasbro CEO Chris Cocks said at a conference, Seeking Alpha reported Tuesday (Sept. 10). Cocks also said during the even ...

Shares of Hasbro, Inc. (HAS) have rallied 30.9% in the year-to-date period compared with the Zacks Toys - Games - Hobbies industry's 6.9% growth. The company's momentum was fueled by its investment in product innovation, focus on strategic partnerships and profitable sales-boosting initiatives. Recently, HAS reported impressive second-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate by 58.4% and 5.6%. Despite a year-over-year revenue decline, earnings increased on ...

txking Introduction Back in 2016, I wrote about Hasbro, Inc. (NASDAQ:HAS) shifting its brand strategy, as the storied but ever-evolving company strove to stay relevant in an increasingly fluid marketplace and initiated my coverage with a "Buy" rating. The piece focused on the firm's acquisition of Boulder Animation to expand its reach beyond just toys into digital gaming and entertainment. This was part of a larger strategy to become a force in all areas of entertainment, not just for kids but for all audie ...

Hasbro (HAS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors ...

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Hasbro operates in the consumer discretionary sector, competing with toys, entertainment, and games companies like Mattel Inc. NASDAQ: MAT, JAKKS Pacific Inc. NASDAQ: JAKK, and Funko Inc. NASDAQ: FNKO. Get Hasbro alerts: Hasbro's Portfolio of Iconic Games Spans Generations Hasbro has a vast portfolio of iconic game, toy, and entertainment franchises, including Monopoly, Mr. Potato Head, My Little Pony, NERF, Dungeons & Dragons, Magic: The Gathering, Play-DOH, Peppa Pig, Transformers, and G.I. Joe. A crossov ...

As toys and games retailers look to adapt to consumers' evolving habits and preferences, Hasbro is seeing the industry transformed by more adult and more digitally engaged customers. The toy and game company shared on a call discussing its Q2 2024 financial results Thursday (July 25) that the business is changing as digital engagement rises and adults become more playful. "It's about skating to where the puck is going as opposed to where the puck has been," CEO Chris Cocks said. "I think physical products k ...

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chan ...

For the quarter ended June 2024, Hasbro (HAS) reported revenue of $995.3 million, down 17.7% over the same period last year. EPS came in at $1.22, compared to $0.49 in the year-ago quarter. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Hasbro performed in the just ...

Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Here's how Hasbro performed in the quarter ended June 30 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Though Hasbro's revenue declined 18% overall for the quarter, its Wizards of the Coast and digital gaming segment saw 20% revenue growth. This partially offset a decline in consumer product revenue of 20%, as well as a decline in the company's entertainment segment of 90%, ...