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) 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.
Hasbro (NASDAQ: HAS) has launched NERF House X, a sequel to its popular digital series featuring athletes and personalities like Julian Edelman and Diplo. Premiering on October 9, 2020, the series combines live-action and animation, enhancing viewer engagement. Following the first season's success with over nine million views, NERF House X introduces new blasters such as the NERF ULTRA 3, 4 & 5. As part of its strategy to innovate amidst production challenges, Hasbro aims to deliver unique and entertaining content to NERF fans worldwide.
Hasbro, Inc. (NASDAQ: HAS) announces the retirement of John Frascotti as President and Chief Operating Officer effective March 31, 2021. Following his retirement, he will serve as a special advisor to CEO Brian Goldner until April 1, 2022. Frascotti, who joined Hasbro in 2008, has significantly contributed to the company's evolution into a global play and entertainment leader. He will remain on Hasbro's Board of Directors until the May 2021 Annual Meeting. The company continues to emphasize its commitment to delivering top-notch entertainment experiences across various platforms.
Hasbro, Inc. (NASDAQ: HAS) will host a webcast of its third quarter 2020 earnings conference call on October 26, 2020, at 8:30 a.m. Eastern Time. Financial results will be released prior to the call. Investors can access detailed financial information through Hasbro's Investor Relations website, with a replay available two hours after the event. Hasbro is committed to providing innovative play and entertainment experiences, with a portfolio including brands like NERF, MAGIC: THE GATHERING, and TRANSFORMERS. The company is recognized for its corporate social responsibility and ethical standards.
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