Hasbro said it's diversifying its manufacturing footprint, with plans to move from 50% of its U.S. toy and game volume originating from China to under 40% over the next two years.
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business. Executives said the company is shifting manufacturing away from China.
Although the revenue and EPS for Hasbro (HAS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hasbro (HAS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago.
Hasbro forecast 2025 revenue below Wall Street estimates on Thursday, as the U.S. toymaker struggles with an extended slowdown in demand for its products such as Star Wars action figures and Nerf guns.
HAS' Q4 performance is likely to have benefited from strategic investments in innovation, strategic collaborations and sales-boosting initiatives.
Get a deeper insight into the potential performance of Hasbro (HAS) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Hasbro (HAS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Hasbro (HAS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hasbro (HAS) closed at $59.72 in the latest trading session, marking a -0.62% move from the prior day.
Hasbro (HAS) closed the most recent trading day at $59.65, moving +1.27% from the previous trading session.
Hasbro (HAS) closed the most recent trading day at $57.15, moving +0.9% from the previous trading session.