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 reports company news around its role as a games, intellectual property and toy company with franchises spanning toys, tabletop games, digital play, licensed consumer products and entertainment-driven brands. Coverage commonly includes Wizards of the Coast developments tied to MAGIC: THE GATHERING and Dungeons & Dragons, product launches across brands such as MONOPOLY, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, and licensing or partner-brand announcements.
Hasbro news also covers operating and financial results, guidance, dividends, share repurchase activity, transformation and cost initiatives, board and governance changes, and operational updates such as cybersecurity-related disclosures. These updates connect the company’s brand portfolio with recurring themes in consumer products, gaming, digital platforms, intellectual property monetization and shareholder capital actions.
Hasbro, Inc. (NASDAQ: HAS) has declared a quarterly cash dividend of $0.70 per common share. The dividend will be payable on May 15, 2023, to shareholders of record as of May 1, 2023. This announcement underscores Hasbro’s commitment to returning value to its shareholders while continuing to uphold its brand reputation in global entertainment.
Hasbro (NASDAQ: HAS) announced plans to cut approximately 1,000 full-time positions, or 15% of its global workforce, as part of leadership and organizational changes aimed at achieving $250-$300 million in annual cost savings by 2025. Despite strong growth in its Wizards of the Coast and Digital Gaming segments, overall fourth-quarter 2022 revenue dropped 17% year-over-year to $1.68 billion, driven by a 26% decline in Consumer Products. Adjusted earnings per diluted share ranged from $1.29 to $1.31, excluding charges related to restructuring efforts. Hasbro's Blueprint 2.0 strategy aims to enhance profitability and focus on major brands.
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Hasbro, Inc. (NASDAQ: HAS) has announced a quarterly cash dividend of $0.70 per common share, payable on February 15, 2023, to shareholders on record as of February 1, 2023. This decision reflects the company's commitment to returning value to its shareholders while maintaining its position as a leader in branded entertainment. With a portfolio that includes iconic brands like MAGIC: THE GATHERING and TRANSFORMERS, Hasbro continues to engage global audiences through innovative gaming and consumer products.
Hasbro (NASDAQ: HAS) announced a fireside chat featuring CEO Chris Cocks and President of Wizards of the Coast Cynthia Williams. The event will focus on the franchise brand Magic: The Gathering and is hosted by UBS on December 8, 2022, at 11:00 AM Eastern Time. A live webcast will be available on Hasbro's Investor Relations website, with an archive accessible for one year. Hasbro is recognized for its engaging brand experiences, embodying its mission to entertain and connect fans globally through storytelling and play.
Hasbro, Inc. (NASDAQ: HAS) has initiated a sale process for its eOne TV and film business aimed at improving long-term positioning. Ancora Holdings Group expressed support for this strategy, noting it could help Hasbro deleverage, reduce operational complexity, and reinvest in core business segments with high growth potential. The sale process will be led by CEO Chris Cocks, who is recognized for considering investor feedback. Ancora believes these strategic enhancements will ultimately benefit shareholders, customers, and employees.
Hasbro (NASDAQ: HAS) announced a strategic review of its eOne TV and film business under CEO Chris Cocks. The Board has authorized a sale process for segments not aligned with its Branded Entertainment strategy. The company plans to boost investment in key brands such as Peppa Pig, Transformers, and Dungeons & Dragons as part of its Blueprint 2.0 strategy. Hasbro retains capabilities in animation, digital content, and theatrical films, while exploring options to maximize shareholder value. The process will take several months, with no assurance of a sale outcome.
Basic Fun! announced a Master Toy license agreement with Hasbro (NASDAQ: HAS) to relaunch the Littlest Pet Shop brand. The agreement allows Basic Fun! to manufacture and distribute Littlest Pet Shop collectible figures and playsets starting in 2024. Originally launched in 1992, the brand has sold millions of toys worldwide, with a strong legacy. This partnership aims to reintroduce the brand to a new generation, leveraging Basic Fun!'s expertise in marketing nostalgic toys.
Hasbro, Inc. (NASDAQ: HAS) announced the retirement of Executive Vice President and CFO Deborah Thomas after 24 years with the company. The firm is starting to identify her successor from both internal and external candidates while planning for Thomas to remain during the transition. CEO Chris Cocks praised Thomas for her leadership in transforming Hasbro into a global branded entertainment leader. Thomas expressed confidence in Hasbro's strategy for future growth. The company is recognized for its corporate citizenship and iconic brands.
Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), has announced the release of new Magic: The Gathering Secret Lair cards designed by Grammy-nominated artist Post Malone. The limited-edition products, available for preorder until November 14, feature unique art and themes, showcasing Post's creative input. The sets include 'Backstage Pass' and 'The Lands,' with cards reflecting Post's personal style. This collaboration celebrates the 30th anniversary of Magic, connecting fans of both the game and the artist.