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 (NASDAQ: HAS) has joined the Science Based Targets initiative (SBTi), committing to reduce its environmental impact towards a lower carbon economy. This announcement highlights Hasbro's sustainability journey, including eliminating plastic in packaging by the end of 2022, which will reduce virgin plastic use by approximately 19.5 million pounds annually. The company will set near-term (2030) and long-term (2050) Science-Based Targets validated by SBTi. Hasbro aims to promote sustainability and hopes industry peers will join this effort.
Hasbro, Inc. (NASDAQ: HAS) has announced an exciting array of new content and products across its iconic brands, including Power Rangers, Transformers, NERF, Play-Doh, and Magic: The Gathering. This initiative aligns with the company’s purpose-driven brand strategy, aiming to enhance global entertainment offerings. Notable launches include season 2 of Power Rangers Dino Fury on Netflix, the animated series Transformers: EarthSpark, and innovative toys set to engage consumers. The strong market positioning of its brands, particularly in the action and preschool toy categories, supports Hasbro’s commitment to creating memorable experiences for families.
Hasbro (NASDAQ: HAS) has received a nomination letter from Alta Fox proposing five candidates for election to its Board of Directors at the 2022 Annual Meeting of Shareholders. The company emphasizes its commitment to shareholder engagement and value maximization through its Brand Blueprint. Chris Cocks will assume the role of CEO on February 25, bringing extensive experience to enhance growth. The Board will review the nominations and provide recommendations in the upcoming proxy statement. Shareholders do not need to take action at this time as the meeting date is yet to be announced.
On Feb. 9, 2022, WowWee announced a partnership with Hasbro to launch innovative outdoor products under the NERF SUPER SOAKER and HASBRO GAMING brands. Set for release this spring, the lineup includes the RoboBlaster, an interactive water toy, and revamped classic games like Twister, Operation, and Crocodile Dentist designed for water play. This collaboration aims to enhance family gameplay experiences and engage consumers in outdoor activities during the summer months. With both companies focused on fun and innovation, these products are expected to appeal widely to families.
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.
Hasbro has appointed
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.
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