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☆ Hasbro 2023 profit forecast disappoints as toy demand drops sharply
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Hasbro, Inc. logo is seen on the Star Wars Galactic Snackin Grogu toy in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. Toy demand has typically remained resistant to economic uncertainties, but it fell sharply in the holiday season, with Hasbro rival Mattel Inc (MAT.O) earlier this month projecting 2023 profit below expectations. For Hasbro, Walmart accounted for around 13% of sales, while Target made up for roughly 8% of sales in 2021. The toymaker said it will take a nearly $300 million hit to 2023 revenue from the licenses and brands that it exited. Hasbro said it expects 2023 adjusted earnings in the range of $4.45 to $4.55 per share, well below analysts' average estimate of $4.88 per share, according to Refinitiv data.

☆ Hasbro 2023 forecasts disappoint as inflation hits toy demand
▼ + stars: | 2023-02-16 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/2] The Hasbro, Inc. logo is seen on the Star Wars Galactic Snackin Grogu toy in the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. The overall revenue is projected to be down low-single digits, while Wall Street analysts were expecting a 2.5% increase to $6 billion. "It's a cautious outlook...(but) what I'm most concerned about is that Hasbro doesn't lose sight of the consumer products segment," said James Zahn, Editor-in-Chief of trade magazine "The Toy Book". "Consumer products is what Hasbro is rooted in as a business." Hasbro expects 2023 adjusted per-share earnings in the range of $4.45 to $4.55 compared with estimates of $4.88 per share.

☆ Hasbro keeps expectations low for the start of 2023, but sees turnaround coming
▼ + stars: | 2023-02-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

Hasbro said it expects revenue for the year to decline in the low-single digits, percentage-wise, which missed Wall Street's expectations. But despite its confidence, the company underperformed in consumer product sales for its fourth quarter. The company announced on Thursday that Magic: The Gathering is on track to be its first billion-dollar brand. Pandemic disruption to its film productions also meant delaying a key revenue stream that had helped buoy sagging product sales. This is the first full quarter since Hasbro announced its three-year turnaround plan in October.

At the toy manufacturer Mattel Inc., Disney ‘s princesses aren’t damsels in distress. They are saving the day. Nearly a decade after losing the Walt Disney Co.’s princess doll license to rival Hasbro Inc., Mattel is back to making and selling the doll versions of some of Disney’s iconic characters.

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a wealthy reader asks how to get his previously divorced fiancée to sign a prenup. Our columnist asks him to take a step back and think through why it matters that she's divorced. Write to For Love & Money using this Google form. Rooting for you both,For Love & Money

☆ What Cramer is watching Wednesday — mortgage demand collapses, tech red flags
▼ + stars: | 2022-10-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Wednesday, Oct. 26, 2022 Worst mortgage demand since 1997 . Early, weaker quarterly summary on tech Tuesday evening from Club holdings Alphabet (GOOGL) and Microsoft (MSFT). No longer in early innings of the cloud, and cloud costs, especially electricity, are way up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

In an interview with the Los Angeles Times, Monae said she uses both she/her and they/them pronouns. Jerrod CarmichaelJerrod Carmichael accepts Outstanding Writing for "Jerrod Carmichael: Rothaniel" at the 74th Primetime Emmys in Los Angeles, on Sept. 12, 2022. Charlee CorraCharlee Corra speaks at Human Rights Campaign dinner on March 12, 2022 in Los Angeles. Ellia GreenEllia Green, right, with his partner Vanessa Turnbull-Roberts and their daughter in Sydney, Australia, on Aug. 15, 2022. Blair came out publicly this year after serving as a consultant for Amazon Prime’s very queer TV reboot of the decades-old film.

☆ Analysis: Why racist 'The Little Mermaid' arguments don't hold up
▼ + stars: | 2022-09-17 | by ( Aj Willingham | ) edition.cnn.com time to read: +7 min

Claim: ‘The Little Mermaid’ is a Danish story, therefore Ariel should be WhiteThe original “Little Mermaid” story was written by Hans Christian Andersen and first published in 1837. (Also “The Little Mermaid” isn’t real.) Also, “The Little Mermaid” isn’t real.) Disney’s 1989 “The Little Mermaid” is still available to watch, own and share. Also – and this is very important – “The Little Mermaid” isn’t real.

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