Welcome to our dedicated page for Hasbro news (Ticker: HAS), a resource for investors and traders seeking the latest updates and insights on Hasbro stock.
Hasbro, Inc. (NASDAQ: HAS) is a global leader in creating the world’s best play experiences through its iconic and beloved brands. The company’s extensive brand portfolio includes household names such as Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, Transformers, and many more. Hasbro's offerings span a wide range of entertainment mediums, from traditional toys and games to television programming, motion pictures, digital gaming, and a comprehensive lifestyle licensing program.
Hasbro Studios, the company's entertainment arm, is dedicated to creating brand-driven storytelling that resonates across multiple platforms, including TV and film. Through strategic acquisitions and partnerships, such as the 2019 acquisition of Entertainment One (eOne), Hasbro has significantly expanded its reach and content capabilities, adding popular family properties like Peppa Pig and PJ Masks to its portfolio. In 2022, the company further strengthened its digital gaming presence by acquiring Dungeons & Dragons Beyond, offering access to a community of 10 million digital tabletop players.
Financially, Hasbro continues to show robust performance, driven by its diverse product lineup and strategic investments. The company is also deeply committed to corporate social responsibility, including philanthropy and environmental sustainability, positively impacting millions of children and families around the world.
In recent news, Hasbro’s division, Wizards of the Coast, announced a licensing agreement with Starbreeze Entertainment to develop a new game based on the Dungeons & Dragons universe, expected to launch in 2026. This partnership underscores Hasbro's strategy to grow its digital games portfolio through licensing and development, bringing immersive play experiences to a global audience.
Hasbro reported strong financial results for Q4 and FY 2021, with net revenues up 17% to $6.42 billion. Operating profit increased by 52% to $763.3 million, leading to a 93% rise in net earnings to $428.7 million. The Wizards of the Coast and Digital Gaming segment saw 42% growth, while Entertainment revenues rose by 27%. The board declared a 3% quarterly dividend increase to $0.70 per share. Operating cash flow reached $818 million, and long-term debt was reduced by $1.08 billion. Hasbro maintains a positive outlook for 2022 and anticipates continued brand-led growth into 2023.
XL Fleet Corp. (NYSE: XL) announced the resignation of Chief Financial Officer Cielo Hernandez, effective January 31, 2022, to pursue other opportunities. Her departure is not related to any disagreements regarding financial practices. Chris Goldner, the Corporate Controller since August 2021, has been named Interim CFO as the company searches for a permanent successor. The company will report its fourth quarter and full-year 2021 results on March 1, 2022, with a conference call scheduled for 5:00 PM ET.
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Hasbro, Inc. (NASDAQ: HAS) announced an extended licensing deal with Lucasfilm, renewing its partnership for the Star Wars™ franchise and adding the Indiana Jones™ franchise to its portfolio. As a master toy licensee, Hasbro will produce toys and games appealing to all ages for both brands. The new Indiana Jones line will launch in 2023, coinciding with the release of the upcoming film. This collaboration marks Hasbro's return to Indiana Jones products since 2008, emphasizing the enduring relationship between Hasbro and Disney's Lucasfilm.
Hasbro, Inc. (NASDAQ: HAS) announced it will host a webcast for its fourth quarter and full year 2021 earnings call on February 7, 2022, at 8:30 a.m. ET. The financial results will be shared during this call, along with specific financial statistics in compliance with Regulation G. Investors can access the webcast and presentation slides on Hasbro's Investor Relations website, with a replay available two hours after the event concludes.
Hasbro, Inc. (NASDAQ: HAS) has appointed Chris Cocks as its new CEO, effective February 25, 2022. Cocks, currently President of Wizards of the Coast, will succeed Rich Stoddart, who will transition to Chair of the Board. The board praised Cocks for his ability to drive growth and strengthen shareholder returns. Eric Nyman has also been appointed as President and COO, overseeing global operations and supply chain. Cocks aims to advance Hasbro's Brand Blueprint strategy and build on its entertainment assets.
Creative Kids has entered into a multi-year partnership with Hasbro to develop a new line of Play-Doh products, launching in Spring 2022. This collaboration aims to introduce innovative modeling clay and air-dry compounds, enhancing creative play experiences for children. The joint venture will see both companies' product development teams working closely together, supported by a comprehensive marketing campaign. As Hasbro seeks to expand the iconic Play-Doh brand, this partnership underscores their commitment to innovative and engaging products for families.
VH1 announces the launch of its new reality series, My Celebrity Dream Wedding, starting on January 3, 2022, at 9 PM/8C. The 20-episode series features elite wedding planners Courtney Ajinca, Lance Devereux, and Tori Williams, as they design celebrity-inspired weddings for couples on a budget. Viewers can expect DIY tips and extravagant décor inspired by celebrity weddings. The show aims to highlight creativity and affordability in wedding planning. Produced by eOne and MTV Entertainment Group, the series taps into VH1's existing fanbase and brand strength.
Champion Athleticwear announces a limited-edition collection in collaboration with Hasbro Gaming, featuring designs from iconic games like Monopoly, Twister, Scrabble, and Candy Land. This collection aims to blend playful competition with stylish athletic wear, catering to fans of all ages. The line includes pullover hoodies, joggers, and footwear, all available on Champion.com and select retailers, with prices ranging from $30 to $80. Group President Jon Ram highlights the collection's ability to let consumers express themselves during the holiday season.
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