A Hasbro exec said the company's plans drastically changed after tariffs on China were paused. She said the company halted pricing changes and plans to halt some production entirely.
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Reiterating my buy rating on Hasbro Inc. due to strong 1Q25 results and favorable FY25 guidance, showcasing impressive growth and profitability. WOTCDG segment drives growth with a 46% y/y revenue increase and significant margin expansion, bolstering confidence in continued momentum and future launches. The retail environment remains stable, with steady retailer orders and POS trends, supporting strong demand for the crucial 4Q25 holiday season.
Shoppers could pull back spending on toys due to tariffs, Hasbro's CEO said. The tariffs could have as severe an effect as the 2008 recession, Christian Cocks said.
Toy and gaming company Hasbro saw a revenue increase in the first quarter, but the ever-evolving tariff situation is making growth strategizing tricky.
HAS' first-quarter top line reflects strong growth in Wizards and Digital Gaming segment amid dismal contributions from Consumer Products and Entertainment.
While the top- and bottom-line numbers for Hasbro (HAS) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
If President Donald Trump's 145% levy against imports from China holds, Hasbro estimates it could see as mush as a $300 million hit to its bottom line. The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war
Hasbro (HAS) shares surged Thursday after the toy maker posted better-than-expected results for the first quarter and agreed to extend a licensing deal with Disney (DIS).
Shares of Hasbro Inc (NASDAQ:HAS) rose 7.7% in premarket trading on Thursday after the toymaker posted a sharp first-quarter revenue beat, powered by strong sales from Magic: The Gathering and digital gaming. Revenue rose 17% year-over-year to $887.1 million, far surpassing analysts' expectations of $771.15 million, driven by a 46% surge in its Wizards of the Coast and Digital Gaming segment.
Hasbro (HAS) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.61 per share a year ago.
Was it only Monday that the U.S. stock market was falling apart, the Dow Jones Industrial Average down 1,000 or more points, and economic nightmare just around the bend? Indeed it was, and yet, two straight days of strongly rebounding markets seem to have erased that nightmare from investors' minds, at the same time as it erased losses from their portfolios, and sent stock market averages charging deeply into "the green.