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☆ Hasbro stock plunges after revenue drop, downbeat outlook
▼ + stars: | 2024-02-13 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Here's how Hasbro performed in the fourth quarter compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 38 cents vs. 66 cents per share expected. 38 cents vs. 66 cents per share expected. Revenue: $1.29 billion vs. $1.36 billion expected. Hasbro expects further revenue declines in the year ahead.

Persons: Gina Goetter Organizations: Hasbro, Brand, ExCel, Toy, Revenue Locations: London, England, LSEG

☆ Hasbro, Mattel shares plunge as toymakers forecast a lackluster holiday season
▼ + stars: | 2023-10-26 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. The companies face challenges entering the critical fourth quarter, they said as they separately reported third-quarter earnings. Toys and games, products both Hasbro and Mattel are known for, could be on the chopping block this season as consumers watch their spending. Mattel's implied fourth quarter guidance on toy sales offered Wednesday also spooked Wall Street, despite its strong third-quarter results. Hasbro's revenue fell 10% for the quarter compared to the year-ago period, largely driven by decreases in its consumer and entertainment segments.

Persons: Chris Cocks, Mattel's Organizations: Hasbro, Mattel, Citi Research, LSEG, Lionsgate

☆ Battle the turmoil with these elite defensive stocks loved by Wall Street
▼ + stars: | 2023-09-25 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wall Street largely took documents from the meeting and comments from Federal Reserve chair Jerome Powell to imply higher-for-longer interest rates. Against this backdrop, here's the list of defensive stocks to play a mixed market, compiled using the new CNBC Pro stock screening tool . All stocks on the list meet the following criteria: Beta rating, which measures a stock's implied risk to market moves, under one. A beta rating above one typically indicates higher volatility. Fast-food giant McDonald's has a 0.65 beta rating, and its stock has added about 3% from the start of the year.

Persons: Jerome Powell, Powell, Mondelez Organizations: CNBC Pro, Federal, Fed, Nasdaq, Dow Jones, Kroger, Friday's, KR, Hasbro, Lionsgate, Bunge

☆ Hasbro to sell film and TV unit, cuts forecast on Hollywood strike hit
▼ + stars: | 2023-08-03 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File photoAug 3 (Reuters) - Hasbro (HAS.O) lowered its annual revenue forecast on an expected hit from the ongoing strike by Hollywood writers and actors and said it would divest its film and TV business to focus on selling toys and games. Hasbro said it would sell its eOne film and TV studio to Lionsgate Entertainment by year-end for about $500 million, adding that its revenue forecast includes the performance of the business being sold. "With the sale of its eOne Film & TV business to Lionsgate, Hasbro is dodging a bullet in terms of the content pipeline. Hasbro also lowered its growth target for adjusted operating margin to between 20 basis points (bps) and 50 bps, from 50 bps to 70 bps rise forecast earlier. Reporting by Savyata Mishra and Granth Vanaik in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: FAO Schwarz, Andrew Kelly, James Zahn, Savyata Mishra, Granth, Vinay Dwivedi Organizations: Hasbro, Inc, Star, FAO, REUTERS, Hollywood, Lionsgate Entertainment, Lionsgate, WGA, SAG, Monopoly, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Hasbro sells its eOne film and TV unit
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHasbro sells its eOne film and TV unitCNBC's Julia Boorstin joins 'Power Lunch' to discuss Hasbro's decision to sell its film and TV units, the value of intellectual property in the entertainment industry, and Mattel's decision to expand its movie offering following the success of Barbie.

Persons: Julia Boorstin, Barbie Organizations: Hasbro

☆ Hasbro sells off costly production studio, taking a page from Mattel's playbook
▼ + stars: | 2023-08-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Four years after acquiring Toronto-based production studio eOne, Hasbro is selling it off to Lionsgate. That price tag consists of $375 million in cash and the assumption of production financing loans. Without eOne, Hasbro will also return to licensing and partnerships with studios to fund entertainment projects for brands like Dungeons and Dragons, PlayDoh, Magic: The Gathering and Transformers. Hasbro acquired eOne in 2019 for $4 billion, a price tag that included coveted preschool brands like Peppa Pig and PJ Masks. Without eOne, Hasbro will continue to rely on partnerships with studios like Paramount for theatrical releases and television productions.

Persons: Drew Crum, Eric Handler, Roth MKM, Chris Cocks Organizations: Toronto, Hasbro, Lionsgate, eOne, Paramount Locations: Rhode

☆ Here are top stock ideas from UBS to play this earnings season
▼ + stars: | 2023-07-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The second-quarter earnings season has kicked into high gear, and a slew of stocks have the potential to enjoy a boost when they surprise Wall Street, according to UBS analysts. Then UBS considers an "earnings alpha factor score," which views "value" as the most significant factor and sees "growth," "quality" and "momentum" as factors with enhanced returns. McDonald's could see a pop when it reports quarterly earnings next week, according to UBS' screen. Truist on Tuesday reiterated McDonald's as buy as the Wall Street firm expects same-store sales momentum due to the Grimace birthday meal. Other consumer names Campbell , Kellogg and Kraft Heinz could also outperform in this earnings season, according to UBS.

Persons: McDonald's, Campbell, Kellogg, Kraft Heinz, — CNBC's Michael Bloom Organizations: UBS, Hasbro

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☆ Adults are buying toys for themselves, and it’s the biggest source of growth for the industry
▼ + stars: | 2022-12-19 | by ( Sarah Whitten | Whitten Is A Social Media Writer For Cnbc. | ) www.nbcnews.com time to read: +7 min

It’s an important moment for the toy industry, too, with the holiday season upon us. “The definition of adulthood has definitely evolved,” said Jeremy Padawer, chief brand officer at toy company Jazwares. Toy companies have even begun creating their own television and movie content in order to support toy lines. Still, the stakes remain high for the toy industry as it heads into the final weeks of the year. “Right now, adult toy buyers are the reason for growth in the toy business,” Larian said.

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☆ Hasbro CEO says inflation won't ruin Christmas but Wall Street is worried
▼ + stars: | 2022-11-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

New York CNN Business —The holidays are rapidly approaching, and for the toy company Hasbro, a slowing economy could be a proverbial Grinch that steals Christmas. Before joining Hasbro, Cocks was an executive at Microsoft (MSFT) from 1999 through 2006 and 2008 through 2016. Cocks said Hasbro is investing “significantly” in digital toys, particularly digital versions of classic Hasbro board games like “Monopoly” and “Scrabble” as well as D&D and the company’s “Magic: The Gathering” game. It’s definitely been a boon for the game,” Cocks said. “If there’s a couple of truisms in life, there’s death, there’s taxes, and there’s parents wanting to have a great holiday for their kids.”

☆ Hasbro looks to sell part of eOne TV production business
▼ + stars: | 2022-11-17 | by ( Joyce Lee | Soo-Hyang Choi | ) www.reuters.com time to read: 1 min

Nov 17 (Reuters) - Hasbro Inc (HAS.O) said on Thursday it is looking to sell part of its eOne production unit, which makes TV shows including "Yellowjackets" and "The Rookie", as the toymaker looks to streamline its business and focus on core brands. The company bought eOne, maker the popular children's TV show "Peppa Pig", for about $4 billion in 2019. Hasbro said Peppa Pig is not a part of the business that it is putting up for sale. Hasbro shares rose marginally in premarket trading. Reporting by Uday Sampath in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Hasbro looks to sell part of eOne TV business
▼ + stars: | 2022-11-17 | by ( Joyce Lee | Soo-Hyang Choi | ) www.reuters.com time to read: 1 min

Nov 17 (Reuters) - Toymaker Hasbro Inc (HAS.O) said on Thursday it is looking to sell part of its eOne TV and film production business. Reporting by Uday Sampath in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

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