HAS Stock Recent News
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In the latest trading session, Hasbro (HAS) closed at $66.71, marking a -0.13% move from the previous day.
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HAS emphasizes MAGIC: The Gathering, cost cuts and Disney ties, to drive growth. Yet, macro uncertainty and tariff risks cloud the outlook.
A Hasbro exec said the company's plans drastically changed after tariffs on China were paused. She said the company halted pricing changes and plans to halt some production entirely.
60% of Hasbro's toy sales come from adult collectors & franchise fans in the "kidult" economy. $HAS
On the latest episode of After Earnings, we spoke with Hasbro CFO and COO Gina Goetter about how the company is navigating tariff pressure, why 60% of toy sales now come from adults, and how Hasbro's billion-dollar Magic: The Gathering franchise is driving growth. $HAS
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Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China. The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy President Donald Trump had in place on Chinese imports to 30%.
Hasbro and Mattel have joined the toy industry in fighting tariffs that could cost them millions. But there could be some trade-policy upside for the domestic toy giants.
Hasbro CEO Chris Cocks, joins 'Mad Money' host Jim Cramer to talk quarterly results, increased toy costs, tariff impact and more.