Hasbro, Inc. - HAS STOCK NEWS

Paramount+ is set to release the new animated series Transformers: EarthSpark exclusively on its platform this November. The series introduces a fresh generation of Transformers, marking the first to be born on Earth, alongside a human family. The project includes 26 episodes and boasts a talented voice cast featuring Sydney Mikayla, Danny Pudi, and others. The reveal happened at Comic-Con International 2022, showcasing the series' first look. Transformers: EarthSpark aims to redefine family dynamics within the globally recognized Transformers franchise.

Hasbro, Inc. (NASDAQ: HAS) reported Q2 2022 net revenues of $1.34 billion, up 1%, with significant growth in consumer products and adjusted operating profit increasing by 14% to $241 million. Despite an 18% revenue decline in the Entertainment segment due to the prior music business sale, overall net earnings surged more than 100% to $142 million, or $1.02 per diluted share. The company completed the strategic acquisition of D&D Beyond for $146 million, enhancing its direct-to-consumer strategy. Shareholder returns included $97.4 million in dividends and $124 million in stock repurchases.

Hasbro, in collaboration with New York Times Games, announced the pre-order launch of Wordle: The Party Game set for October. This board game adapts the popular digital format for in-person play, allowing players to guess a five-letter word within six attempts. The game, suitable for ages 14 and up, features multiple gameplay modes and includes dry-erase boards for repeated use. With its innovative approach to social play, Hasbro aims to leverage the Wordle phenomenon to enhance engagement during game nights.

Hasbro is returning to San Diego Comic-Con with a vast portfolio of entertainment brands, showcasing their inaugural Dungeons & Dragons toy line among other exclusives. Attendees can expect meet & greets, product previews, and the chance to create custom Selfie Series action figures. The company is also launching a philanthropic Buy One, Give One campaign to support Ukrainian refugees. Exclusive products like Star Wars and G.I. JOE figures will be available for preorder. Events include panels on popular franchises and the introduction of a new NERF mascot.

Hasbro, Inc. announced on September 22 the pre-order launch of the iconic Starting Lineup sports collectibles brand, featuring NBA superstars. This collaboration with the NBA and NBPA includes exclusive trading cards with collectibles available via Hasbro Pulse and Fanatics. Eric Nyman, COO of Hasbro, emphasized the excitement for fans to engage with their favorite players in this highly articulated 6” scale. The initiative aims to attract both long-time collectors and new enthusiasts as it reintroduces a beloved brand with a fresh design.

Hasbro, Inc. (NASDAQ: HAS) announced a webcast for its Q2 2022 earnings conference call scheduled for July 19, 2022, at 8:30 a.m. Eastern Time. Investors can access financial and statistical information on Hasbro's Investor Relations website during the event. The presentation slides will also be available for both investors and media. Hasbro, a leading global play and entertainment company, provides a diverse portfolio of around 1,500 brands, including MAGIC: THE GATHERING, NERF, and TRANSFORMERS.

Hasbro, Inc. (NASDAQ: HAS) announced an Investor Day on October 4, 2022, where CEO Chris Cocks will outline a strategic plan focusing on refining the company's long-term strategy. The strategy includes prioritizing fewer, larger opportunities, enhancing their brand portfolio, and emphasizing consumer engagement, particularly in gaming and multi-generational play. The company acknowledges feedback from shareholders regarding returns and investments, aiming for meaningful changes to bolster shareholder value.

Alta Fox Capital Management has engaged shareholders regarding Hasbro, Inc. (NASDAQ: HAS), highlighting the need for boardroom changes following five years of underperformance compared to the S&P 500. Despite the Annual Meeting's outcome, Alta Fox acknowledges positive developments such as the appointment of gaming-focused directors, increased transparency regarding acquisitions, and a renewed focus on corporate governance. Alta Fox, owning 2.5% of Hasbro's shares, plans to maintain dialogue to ensure accountability and drive shareholder value amidst changes under CEO Chris Cocks.

Hasbro, Inc. (NASDAQ: HAS) announced the preliminary results of its 2022 Annual Meeting of Shareholders, where all 13 board directors were re-elected by a significant margin. The company’s say-on-pay proposal and auditor ratification also received shareholder approval. Moving forward, Hasbro aims to engage more with shareholders while undertaking a strategic review to enhance long-term value. Final voting results will be disclosed in a Form 8-K within four business days. The company emphasizes its commitment to delivering immersive brand experiences across various entertainment categories.