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Hasbro said it's diversifying its manufacturing footprint, with plans to move from 50% of its U.S. toy and game volume originating from China to under 40% over the next two years.
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business. Executives said the company is shifting manufacturing away from China.
Although the revenue and EPS for Hasbro (HAS) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PAWTUCKET, R.I. & EL SEGUNDO, Calif.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) today announced the launch of a new PLAY-DOH Barbie collection from Hasbro's new licensing collaboration with Mattel. This unique line includes an assortment of dolls with special fashion-making tools that encourage kids to bring out their inner fashionista and create whatever DOH-ified fashions they can imagine. The PLAY-DOH Barbie line will be sold by Hasbro, launching in Target st.
Hasbro (HAS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago.
Hasbro forecast 2025 revenue below Wall Street estimates on Thursday, as the U.S. toymaker struggles with an extended slowdown in demand for its products such as Star Wars action figures and Nerf guns.
PAWTUCKET, R.I.--(BUSINESS WIRE)--Today Hasbro, a leading games, IP, and toy company, is unveiling a new strategic plan, ‘Playing to Win', taking the company through 2027. At the heart of Playing to Win is Hasbro's mission to create joy and community through the magic of play. Through play-fueled engagement and partner-scaled co-investment, Hasbro will seek to expand its reach from over 500 million kids, families, and fans today to over 750 million by 2027. Through 2027, we expect an average of.
PAWTUCKET, R.I.--(BUSINESS WIRE)---- $HAS #HASearnings--Hasbro Reports Fourth Quarter and Full Year 2024 Financial Results.
So far toy stocks are shrugging off Trump's tariffs on China.
HAS' Q4 performance is likely to have benefited from strategic investments in innovation, strategic collaborations and sales-boosting initiatives.