Hasbro, Inc. - HAS STOCK NEWS

Hasbro, Inc. (NASDAQ: HAS) reported Q4 2020 net revenues of $1.723 billion, a 4% increase year-over-year, while full-year revenues declined 8% to $5.465 billion. Adjusted operating profit rose 51% in Q4, reaching $261.4 million, while full-year adjusted earnings dropped 5%. The company generated over $1 billion in eCommerce revenue and ended the year with $1.45 billion in cash. A quarterly dividend of $0.68 per share was announced, payable on May 17, 2021. Future growth is anticipated as retail support for Hasbro brands strengthens.

Hasbro (NASDAQ: HAS) will webcast its Q4 and full year 2020 earnings conference call on February 8, 2021, at 8:30 a.m. ET, following the release of its financial results. Key financial information will be accessible during the webcast on Hasbro’s Investor Relations website. Additionally, an Investor Event is scheduled for February 25, 2021, at 10:00 a.m. ET, featuring senior management, including Brian Goldner and Deborah Thomas. Replays of both events will be available online approximately two hours post-event.

Hasbro, Inc. (NASDAQ: HAS) has established a new Global Purpose Organization aimed at enhancing its positive global impact for children and families. This new team incorporates essential functions such as Corporate Social Responsibility, Sustainability, and Philanthropy. Kathrin Belliveau has been appointed as the Chief Purpose Officer, reporting directly to CEO Brian Goldner. Belliveau's experience includes significant leadership roles in CSR and ethical sourcing, and she aims to further embed purpose into Hasbro's operations.

Hasbro (NASDAQ: HAS) is partnering with Charlie "Rocket" Jabaley's "Dream Machine Tour" this holiday season, contributing $450,000 to support families affected by the pandemic. This initiative includes donations of cars and essential services to 100 deserving families. Jabaley aims to provide meaningful holiday experiences despite challenges faced this year. The tour kicked off on December 6, featuring a special shopping event for select families at a Nashville store. Hasbro's involvement aligns with its "Bring Home the Fun" campaign to support children and families during difficult times.

Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.68 per common share, payable on February 16, 2021, to shareholders on record as of February 2, 2021. This announcement reflects Hasbro's commitment to returning value to its shareholders through consistent dividend payments.

The company is recognized for its diverse range of iconic brands and its ongoing efforts in corporate social responsibility, ranking among the 2020 100 Best Corporate Citizens.

Hasbro, Inc. (NASDAQ: HAS) released its 2019-20 Corporate Social Responsibility Update, showcasing significant ESG advancements and a proactive approach to diversity and inclusion. The report highlights milestones such as the goal to eliminate plastic in new product packaging by the end of 2022 and achieving 99.4% renewable energy usage. The company emphasizes its commitment to human rights and ethical sourcing through rigorous supplier audits. Additionally, Hasbro's COVID-19 response included employee support initiatives and community assistance measures. The update aligns with global sustainability standards.

Hasbro, Inc. (NASDAQ: HAS) has appointed Laurel J. Richie as an independent director to its Board of Directors. Richie, the former President of the WNBA, is recognized for her leadership in marketing and brand management, along with a commitment to diversity and inclusion. Hasbro CEO Brian Goldner praised her skills, highlighting her as a valuable addition to the board. Richie has held notable roles in various organizations and has been recognized as one of the most influential women in business. Hasbro continues to focus on creating quality play and entertainment experiences globally.

Hasbro, Inc. (NASDAQ: HAS) reported a 4% decline in net revenues for Q3 2020, totaling $1.78 billion compared to pro forma revenues of $1.86 billion in 2019. Despite this, net earnings reached $220.9 million or $1.61 per diluted share, up from $216.5 million or $1.57 the previous year. Notably, Franchise Brands like MAGIC: THE GATHERING showed growth, alongside increased revenues in the U.S. and Canada segment. However, the Entertainment and eOne segments faced significant declines due to COVID-19 impacts.