Hasbro, Inc. - HAS STOCK NEWS

Hasbro (NASDAQ: HAS) appointed Dan Rawson as Senior Vice President of Dungeons & Dragons at Wizards of the Coast. Rawson, previously COO of Microsoft Dynamics 365, will focus on enhancing brand growth across digital and physical platforms. This move coincides with the recent acquisition of D&D Beyond, which already has over 10 million registered users. Cynthia Williams, president of Wizards of the Coast, highlighted the timing as ideal for expanding D&D's digital capabilities, enhancing community engagement, and maintaining a player-first approach.

Hasbro, Inc. (NASDAQ: HAS) introduced Blueprint 2.0 at its first investor day under CEO Chris Cocks. The strategy aims to enhance operational efficiencies and drive profitability, expecting $250-$300 million in savings over three years, with $150 million by year-end 2023. Key focuses include investments in digital platforms, licensing partnerships, and entertainment content expansion. The company targets a revenue CAGR of mid-single digits to achieve $8.5B by 2027, alongside significant operating profit growth.

Hasbro introduces a new immersive experience on Roblox called Visit Maretime Bay, celebrating the My Little Pony: Make Your Mark series now on Netflix. Players can transform their avatars into customizable pony avatars, enhancing self-expression in a secure environment. Hasbro eliminates chat features and monetization through Robux, ensuring a child-friendly atmosphere. The campaign includes partnerships with Tripadvisor for promoting Maretime Bay as a family vacation spot and supports girls' confidence through initiatives with the Girl Scouts of the USA.

tonies® has launched a Peppa Pig Toniebox Starter Set, available exclusively at Target, aimed at promoting screen-free entertainment for children. Priced at $99.99, the set includes a pink Toniebox and a Peppa Pig Tonie, featuring audio stories and music from the popular series. This innovative product supports preschoolers' imagination and learning. The Peppa Pig franchise, which has gained global popularity, helps young children navigate everyday life. The release also hints at more Peppa Pig content for the Toniebox in the coming year.

Hasbro, Inc. (NASDAQ: HAS) has scheduled its Investor Day for October 4, 2022, at 9:00 a.m. Eastern Time, featuring senior leaders including CEO Chris Cocks. Additionally, the company will hold its third quarter 2022 earnings conference call on October 18, 2022, at 8:30 a.m. Eastern Time. Financial information will be available during the events on Hasbro's Investor Relations website, which will also host replays shortly after each event.

Hasbro, Inc. (NASDAQ: HAS) announced the retirement of Board members Kenneth A. Bronfin and Edward M. Philip, effective after the 2023 Annual Meeting of Shareholders. Bronfin and Philip have served on the Board since 2008 and 2002, respectively. Chair Rich Stoddart expressed gratitude for their service, highlighting their contributions to the company's growth. CEO Chris Cocks noted the importance of a smooth transition for new Board members who joined in April 2022. Post-meeting, Hasbro's Board is expected to include 11 members, with 10 being independent.

Basic Fun! and Hasbro celebrate the 75th birthday of TONKA by launching the TONKA Playcation campaign, encouraging families to engage in playtime. The initiative features a special playdate in New York City with spokesperson Shaquille O'Neal, who will distribute TONKA Playcation Kits to families. Additionally, new TONKA vehicles, including the Mighty Monster RC Steel Dump Truck, set to debut in October, aim to enhance holiday sales. This milestone reflects the brand's legacy, with over 300 million trucks sold since its inception.

Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), announced innovative product releases during its Wizards Presents virtual event, enhancing its $2.1 billion games portfolio. Upcoming launches for Dungeons & Dragons include playtesting for One D&D, the Dragonlance adventure set, and new campaign books slated through 2023. Magic: The Gathering will introduce pop culture collaborations, including Warhammer 40,000 and Doctor Who. With over 50 million fans, both brands aim to strengthen their market presence and attract new players through diverse gaming experiences.

Hasbro (NASDAQ: HAS) announces the upcoming departure of Darren Throop, President & CEO of its eOne division, at year-end. He will continue leading until then, with transition details to follow. Hasbro's CEO, Chris Cocks, praised Throop's leadership, highlighting the development of over 200 projects in film and television, including popular brands like TRANSFORMERS and MAGIC. This move comes as Hasbro focuses on expanding its entertainment strategy, with eOne integral to its future plans.