Hasbro (HAS) Rallies 31% YTD: What's Driving the Stock?

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 ...