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) reported a 4% decline in net revenues for Q3 2020, totaling $1.78 billion compared to pro forma revenues of $1.86 billion in 2019. Despite this, net earnings reached $220.9 million or $1.61 per diluted share, up from $216.5 million or $1.57 the previous year. Notably, Franchise Brands like MAGIC: THE GATHERING showed growth, alongside increased revenues in the U.S. and Canada segment. However, the Entertainment and eOne segments faced significant declines due to COVID-19 impacts.
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Hasbro (NASDAQ: HAS) has launched NERF House X, a sequel to its popular digital series featuring athletes and personalities like Julian Edelman and Diplo. Premiering on October 9, 2020, the series combines live-action and animation, enhancing viewer engagement. Following the first season's success with over nine million views, NERF House X introduces new blasters such as the NERF ULTRA 3, 4 & 5. As part of its strategy to innovate amidst production challenges, Hasbro aims to deliver unique and entertaining content to NERF fans worldwide.
Hasbro, Inc. (NASDAQ: HAS) announces the retirement of John Frascotti as President and Chief Operating Officer effective March 31, 2021. Following his retirement, he will serve as a special advisor to CEO Brian Goldner until April 1, 2022. Frascotti, who joined Hasbro in 2008, has significantly contributed to the company's evolution into a global play and entertainment leader. He will remain on Hasbro's Board of Directors until the May 2021 Annual Meeting. The company continues to emphasize its commitment to delivering top-notch entertainment experiences across various platforms.
Hasbro, Inc. (NASDAQ: HAS) will host a webcast of its third quarter 2020 earnings conference call on October 26, 2020, at 8:30 a.m. Eastern Time. Financial results will be released prior to the call. Investors can access detailed financial information through Hasbro's Investor Relations website, with a replay available two hours after the event. Hasbro is committed to providing innovative play and entertainment experiences, with a portfolio including brands like NERF, MAGIC: THE GATHERING, and TRANSFORMERS. The company is recognized for its corporate social responsibility and ethical standards.
Hasbro, Inc. (NASDAQ: HAS) has announced a unique collaboration with Universal Brand Development and Amblin Entertainment, introducing the GIGAWATT character from the TRANSFORMERS-Back to the Future series. This collectible figure celebrates the 35th anniversary of the iconic film, Back to the Future, and features intricate details and accessories. GIGAWATT is currently available for pre-order at Walmart.com, with only 1,985 exclusive pieces made. In addition, a four-part comic book series will debut in October 2020, expanding the narrative around this collaboration.