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PAWTUCKET, R.I. & BURBANK, Calif.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ:HAS), a leading games, IP and toy company, today announced a multi-year extension to its long-running relationship with Disney Consumer Products to continue creating innovative toys and games for premier brands, Star Wars™ and Marvel. This extension furthers Hasbro's strategic merchandising relationship with Disney Consumer Products, allowing Hasbro to continue developing and manufacturing toys, collectibles, and board gam.
Was it only Monday that the U.S. stock market was falling apart, the Dow Jones Industrial Average down 1,000 or more points, and economic nightmare just around the bend? Indeed it was, and yet, two straight days of strongly rebounding markets seem to have erased that nightmare from investors' minds, at the same time as it erased losses from their portfolios, and sent stock market averages charging deeply into "the green.
HAS' first-quarter fiscal 2025 performance is likely to have been aided by the strong performance across the MAGIC ecosystem, and growth in licensing and lower promotional discounts.
Besides Wall Street's top -and-bottom-line estimates for Hasbro (HAS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
Hasbro (HAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hasbro, Inc. is undergoing a transformation, focusing on core toys, games, and licensing, but faces short-term risks from tariffs and capped growth expectations. The company shows operational improvements, especially in its gaming and digital segments, but core toy revenues are declining, and tariffs pose significant risks. Hasbro's valuation appears fair but not compelling, with a forward dividend yield of 5.4% and a payout ratio under 70%.
In the most recent trading session, Hasbro (HAS) closed at $52.49, indicating a -1.61% shift from the previous trading day.
Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump's escalated trade war with China. The current U.S. tariff on Chinese imports stands at 145%.
The market's wild recovery on Wednesday afternoon was driven by President Donald Trump temporarily pausing tariff increases on countries all around the world, except China. A 10% blanket tariff will still be in place, but the bigger tariffs that were expected to hit countries like Vietnam, Cambodia, and Indonesia, where many shoes and kids toys are made, will be in place.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.