Hasbro Inc Stock Price, News & Analysis

Hasbro, Inc. (NASDAQ: HAS) announced the appointment of Elizabeth Hamren from Discord and Blake Jorgensen from Electronic Arts to its Board of Directors, effective April 1, 2022. This initiative is part of Hasbro's strategy to enhance board diversity and bolster shareholder engagement. Both appointees bring substantial industry experience, particularly in digital gaming, technology, and strategic growth. The move is expected to support Hasbro's ongoing growth and align with its mission to enhance brand value and shareholder returns.

Hasbro (NASDAQ: HAS) announced it will webcast its Q1 2022 earnings conference call on April 19, 2022, at 8:30 a.m. Eastern Time. The financial results will be released prior to the call. Investors can access detailed financial information in compliance with Regulation G during the webcast via Hasbro’s Investor Relations website.

A replay will be available shortly after the event. Hasbro is recognized for its commitment to corporate citizenship, holding a diverse portfolio of renowned brands.

Adirondack Retirement Specialists, a significant Hasbro shareholder, advocates for boardroom change at Hasbro, suggesting that the proposed candidates by Alta Fox Capital could improve oversight and performance. They criticize the current board for rejecting a settlement proposal to incorporate shareholder insights, noting Hasbro's stock at a 52-week low. Adirondack emphasizes the need for a strategic shift towards enhancing shareholder value. They plan to support the entire dissident slate in the upcoming 2022 Annual Meeting of Shareholders to promote long-term interests.

Alta Fox Capital Management, owning approximately 2.5% of Hasbro's shares, has released a letter advocating for the election of five independent director nominees to its Board during the 2022 Annual Meeting of Shareholders. The letter emphasizes Hasbro’s 'Brand Blueprint' strategy, capital allocation, executive compensation, and potential for value creation, aiming for a $200 share price over three years. Stakeholders are encouraged to visit www.FreeTheWizards.com for additional insights and to review their proposals.

Hasbro (NASDAQ: HAS) has joined the Science Based Targets initiative (SBTi), committing to reduce its environmental impact towards a lower carbon economy. This announcement highlights Hasbro's sustainability journey, including eliminating plastic in packaging by the end of 2022, which will reduce virgin plastic use by approximately 19.5 million pounds annually. The company will set near-term (2030) and long-term (2050) Science-Based Targets validated by SBTi. Hasbro aims to promote sustainability and hopes industry peers will join this effort.

Hasbro, Inc. (NASDAQ: HAS) has announced an exciting array of new content and products across its iconic brands, including Power Rangers, Transformers, NERF, Play-Doh, and Magic: The Gathering. This initiative aligns with the company’s purpose-driven brand strategy, aiming to enhance global entertainment offerings. Notable launches include season 2 of Power Rangers Dino Fury on Netflix, the animated series Transformers: EarthSpark, and innovative toys set to engage consumers. The strong market positioning of its brands, particularly in the action and preschool toy categories, supports Hasbro’s commitment to creating memorable experiences for families.