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Hasbro, Inc. - HAS STOCK NEWS

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.

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Hasbro (NASDAQ: HAS) will announce its second quarter financial results for 2024 on Thursday, July 25, 2024, before the market opens.

An earnings conference call will be webcast live at 8:30 a.m. Eastern Time. Information required by Regulation G will be available on Hasbro's Investor Relations website at the time of the webcast.

The webcast and accompanying presentation slides will be accessible on Hasbro's Investor Relations home page. A replay will be available approximately two hours after the event and will be hosted for 12 months.

Hasbro, a leading toy and game company, aims to entertain and connect generations of fans with its portfolio of over 1,800 iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, and TRANSFORMERS.

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Hasbro (NASDAQ: HAS) has been named one of the Civic 50 Most Community-Minded Companies for the 12th consecutive year by Points of Light. This recognition highlights Hasbro's commitment to social impact, positively affecting over 3.9 million individuals worldwide in 2023. The award acknowledges the company's efforts in providing access to play for underserved communities, delivering play relief during crises, and developing future playmakers. With over 82% of its global workforce volunteering, Hasbro showcases its dedication to civic engagement and community support.

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Hasbro (NASDAQ: HAS) has announced that CEO Chris Cocks and CFO Gina Goetter will participate in the JP Morgan Global Technology, Media and Communications Conference on May 20, 2024, at 11:20AM ET. The event will include a fireside chat, which will be webcast live and accessible on Hasbro's Investor Relations home page. For those unable to attend the live session, an archived version will be available for 30 days after the event.

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Hasbro, Inc. (NASDAQ: HAS) announced a public offering of $500,000,000 in 6.050% Notes due 2034, with an expected settlement date of May 14, 2024. The net proceeds are estimated to be around $495 million, which will be used for general corporate purposes, including redeeming or repaying outstanding debts.

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Hasbro, Inc. (NASDAQ: HAS) reported improved profitability and EPS growth in the first quarter of 2024. Despite a 24% revenue decline driven by the eOne divestiture, adjusted operating profit increased by $101.4 million. Hasbro's turnaround efforts showed progress with strong performance in the Wizards of the Coast and Digital Gaming segment (+7%) and Entertainment (+65%). The company's operating margin stood at 15.3% with adjusted operating margin reaching 19.6%. Hasbro also reported significant reductions in owned inventory and paid $97.2 million in cash dividends to shareholders. The company remains on track for its full-year commitments, maintaining annual guidance for the Consumer Products, Wizards of the Coast, and Entertainment segments.
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LITTLEST PET SHOP launches 'Bobble to The Beat' social campaign after NYC premiere event, inviting fans worldwide to join the dance challenge. The brand relaunched with over 120 bobblin' pets in Generation 7, available at major retailers globally.
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Hasbro, Inc. (NASDAQ: HAS) will release its first quarter financial results on April 24, 2024, followed by an earnings conference call at 8:30 a.m. Eastern Time. The webcast will provide financial and statistical information, available on Hasbro's Investor Relations website. A replay will be accessible for 12 months.
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Hasbro, Inc. (NASDAQ: HAS) continues its commitment to women innovators with the Women Innovators of Play program in 2024, collaborating with Girl Up to empower women in the toy and game industry. The program aims to foster inclusivity, inspire creativity, and provide opportunities for women across the globe. Hasbro's 2023 Challenge received 130 submissions, awarding three winners with $10,000 each and a mentorship session. The 2024 program will feature a variety of events, networking opportunities, and educational programs for women innovators of all ages, expanding on the success of the previous year.
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Hasbro, Inc. announces new board members Frank Gibeau, Darin Harris, and Owen Mahoney, while Tracy Leinbach, Linda Zecher Higgins, and Michael Burns retire. Alan Hassenfeld steps down as Emeritus Chairman. The company aims to leverage the diverse experience of the new members for long-term growth and innovation.
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Hasbro, Inc. issues 2024 guidance with improved profit growth and declares a quarterly dividend. The company reported financial results for the fourth quarter and full year 2023, highlighting revenue declines in some segments but growth in others. Hasbro aims to drive significant profit growth in 2024, focusing on operational excellence and cost savings. The company's refreshed leadership team is bringing innovative products to fans while maintaining a commitment to returning cash to shareholders.
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FAQ

What is the current stock price of Hasbro (HAS)?

The current stock price of Hasbro (HAS) is $57.58 as of December 20, 2024.

What is the market cap of Hasbro (HAS)?

The market cap of Hasbro (HAS) is approximately 8.0B.

What does Hasbro, Inc. do?

Hasbro, Inc. is a global company that creates play experiences through brands like Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, and Transformers, spanning toys, games, TV programming, motion pictures, digital gaming, and licensing.

What are some of Hasbro’s most popular brands?

Some of Hasbro’s most popular brands include Littlest Pet Shop, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh, and Transformers.

What recent acquisition has expanded Hasbro’s content capabilities?

In 2019, Hasbro acquired Entertainment One (eOne), adding popular family properties like Peppa Pig and PJ Masks to its portfolio.

What is Hasbro Studios?

Hasbro Studios is the entertainment arm of Hasbro, dedicated to creating brand-driven storytelling across mediums such as television and film.

What was Hasbro’s latest digital gaming acquisition?

In 2022, Hasbro acquired Dungeons & Dragons Beyond, gaining access to a community of 10 million digital tabletop players.

What strategic partnership did Hasbro recently enter for a new game?

Hasbro’s division, Wizards of the Coast, entered a licensing agreement with Starbreeze Entertainment to develop a new game based on the Dungeons & Dragons universe, expected to launch in 2026.

How does Hasbro contribute to corporate social responsibility?

Hasbro is committed to corporate social responsibility through philanthropy and environmental sustainability, positively impacting millions of children and families annually.

What makes Hasbro a leader in the play experience industry?

Hasbro’s leadership in the play experience industry is driven by its diverse product lineup, strategic acquisitions, strong brand portfolio, and commitment to storytelling across multiple platforms.

What is Wizards of the Coast?

Wizards of the Coast is a division of Hasbro that develops legendary games like Magic: The Gathering and Dungeons & Dragons, inspiring creativity and community among gamers.

How is Hasbro expanding its digital games portfolio?

Hasbro is expanding its digital games portfolio through strategic partnerships and acquisitions, such as the recent licensing agreement with Starbreeze Entertainment and the acquisition of Dungeons & Dragons Beyond.

Hasbro, Inc.

Nasdaq:HAS

HAS Rankings

HAS Stock Data

7.96B
131.08M
6.03%
86.16%
3.06%
Leisure
Games, Toys & Children's Vehicles (no Dolls & Bicycles)
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United States of America
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