Hasbro Inc Stock Price, News & Analysis

Hasbro, Inc. (NASDAQ: HAS) has announced the redemption of all its 2.60% notes due November 19, 2022, amounting to $300 million. The redemption price is equal to the principal plus a make-whole premium and accrued interest. This follows a previous redemption in March 2022 of similar notes due May 15, 2021, also for $300 million. Hasbro continues to emphasize its commitment to global play and entertainment, boasting a portfolio of approximately 1,500 brands, including MAGIC: THE GATHERING and TRANSFORMERS.

Hasbro, Inc. (NASDAQ: HAS) announced participation in the Goldman Sachs 30th Annual Communacopia Conference on September 22, 2021, at 9:30 AM Eastern. CEO Brian Goldner, CFO Deborah Thomas, and eOne CEO Darren Throop will represent the company. The live webcast can be accessed on Hasbro's Investor Relations home page, with an archive available for one year. Hasbro is a global play and entertainment company with a vast portfolio of brands, committed to corporate citizenship and ethical practices.

Wizards of the Coast, a division of Hasbro (NASDAQ: HAS), unveiled an exciting lineup of Magic: The Gathering products for 2022, featuring crossovers with popular franchises such as Fortnite and Street Fighter. A Netflix animated series based on the game will debut in late 2022, with Brandon Routh voicing a key character. The upcoming Universes Beyond series includes content from The Lord of the Rings and Warhammer 40,000. The release schedule highlights several major sets throughout the year, including Kamigawa: Neon Dynasty and The Brothers’ War.

Hasbro, Inc. (NASDAQ: HAS) partners with Vrbo to launch the NERF House, an immersive vacation home experience themed around the NERF brand. Available for booking starting September 1, 2021, at a rate of $100 per night, families can enjoy a weekend filled with NERF activities at the lake house on Grand Lake O' the Cherokees in Oklahoma. This activation coincides with the new season of the YouTube series 'NERF HOUSE SHOWDOWN,' featuring competitive challenges among teens. The property accommodates 30 guests and includes NERF gear, games, and amenities for family fun.

Entertainment One's popular preschool series PJ Masks is set to launch its fifth season on August 13, 2021, at 1:00 p.m. ET/PT on Disney Junior and DisneyNOW. This season features an extensive lineup of episodes, highlighted by a special two-part premiere titled Ninja Power Up, which showcases new superpowers and characters like Orticia and Pirate Robot. The season emphasizes teamwork and includes new vehicles, enhancing the interactive experience with Hasbro's toys that respond to the show's characters.

Hasbro, Inc. (NASDAQ: HAS) has announced a quarterly cash dividend of $0.68 per common share, slated for payment on November 15, 2021. Investors eligible to receive the dividend must be shareholders on record by November 1, 2021. This announcement underscores Hasbro's commitment to rewarding shareholders while continuing to engage audiences globally through its extensive portfolio of 1,500 brands, including popular franchises like TRANSFORMERS and DUNGEONS & DRAGONS.

Hasbro reported strong financial results for Q2 2021, with revenues rising 54% year-over-year to $1.32 billion. The company saw substantial growth in its Wizards of the Coast segment, driven by the success of MAGIC: THE GATHERING and DUNGEONS & DRAGONS. Operating profit soared to $76.6 million, while adjusted net earnings reached $145.4 million, or $1.05 per diluted share. Hasbro's dividend was set at $0.68 per share, with a total of $187.5 million paid out year-to-date. The recent sale of the eOne Music business for $397 million further strengthens Hasbro's financial position.

Hasbro, Inc. (NASDAQ: HAS) will host a webcast of its second quarter 2021 earnings conference call on July 26, 2021, at 8:30 a.m. ET. The financial results will be released before the call. Investors can access the call and presentation slides via Hasbro’s Investor Relations website at https://investor.hasbro.com. A replay will be available two hours post-event. Hasbro is a global play and entertainment company with a portfolio of 1,500 brands, including MAGIC: THE GATHERING and TRANSFORMERS, committed to enhancing the lives of children and families.