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 Inc (HAS) delivers innovative play experiences through iconic brands spanning toys, digital gaming, and entertainment. This news hub provides investors and industry observers with centralized access to official announcements and market-moving developments.
Track comprehensive coverage of earnings reports, product launches, licensing agreements, and strategic initiatives that shape Hasbro's position in the global play industry. Our curated collection includes press releases on brand expansions, partnership announcements, and updates from Hasbro's entertainment divisions.
Discover timely updates across key business segments including toy manufacturing innovations, media franchise developments, and digital gaming integrations. The repository serves as an essential resource for monitoring the company's adaptation to evolving consumer trends and market conditions.
Bookmark this page for streamlined access to Hasbro's financial communications, leadership updates, and brand portfolio expansions. Stay informed about the company's cross-platform storytelling strategies and their impact on long-term growth prospects.
Hasbro, Inc. (NASDAQ: HAS) reported a challenging first quarter of 2023 with revenues of $1.00 billion, down 14% year-over-year. Despite operating profit of $17.9 million, there was a net loss of $22.1 million or $0.16 per share. However, the performance of MAGIC: THE GATHERING was strong with a 16% revenue increase due to successful releases and high player demand. The company has achieved $35 million in cost savings year-to-date and reaffirmed its full-year guidance, targeting $150 million in run-rate savings. CEO Chris Cocks emphasized the ongoing implementation of the Blueprint 2.0 strategy and the positive trajectory for Dungeons & Dragons post the successful movie release. Despite challenges, Hasbro remains focused on reducing costs and maximizing shareholder value.
Hasbro, Inc. (NASDAQ: HAS) has announced two key appointments to its Executive Leadership Team. Tim Kilpin will take on the role of President, Toy, Licensing & Entertainment effective April 24, 2023, bringing extensive experience from companies such as PlayMonster and Activision Blizzard. Gina Goetter will assume the role of Chief Financial Officer on May 18, 2023, after serving as CFO at Harley-Davidson. Her experience spans over 25 years in finance and accounting, contributing to operational excellence at Hasbro as it executes its Blueprint 2.0 strategy. Both appointments aim to enhance leadership as the company focuses on optimizing its brand portfolio and driving shareholder value.
FAQ
What is the current stock price of Hasbro (HAS)?
What is the market cap of Hasbro (HAS)?
