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Hasbro Inc (HAS.OQ)

HAS.OQ on NASDAQ Stock Exchange Global Select Market

88.85USD
18 Jan 2019
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$0.46 (+0.52%)
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Latest Key Developments (Source: Significant Developments)

Kingsmen Creatives Says Unit To Collaborate With Hasbro International To Launch Toybox
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Kingsmen Creatives : :UNIT TO COLLABORATE WITH HASBRO INTERNATIONAL, INC TO LAUNCH TOYBOX, TOGETHER WITH VENUE PARTNER SENTOSA DEVELOPMENT CORPORATION.  Full Article

Hasbro Says Co, Unit Entered Amended, Restated Revolving Credit Agreement-SEC Filing
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Hasbro Inc ::HASBRO SAYS CO, UNIT ENTERED AMENDED, RESTATED REVOLVING CREDIT AGREEMENT - SEC FILING.HASBRO - AMENDMENT PROVIDES INCREASED SENIOR CREDIT FACILITY WITH MAXIMUM BORROWING OF UP TO $1,100 MILLION.HASBRO - AMENDMENT PROVIDES POTENTIAL ADDITIONAL INCREMENTAL COMMITMENT INCREASE OF UP TO $500 MILLION.HASBRO - AMENDMENT PROVIDES EXTENDS TERM OF FACILITY FROM MARCH 30, 2020 TO NOV 26, 2023.  Full Article

Hasbro Says Taking Certain Actions Aimed At Right-Sizing Cost-Structure
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Hasbro Inc ::HASBRO SAYS TAKING CERTAIN ACTIONS THAT PRIMARILY INCLUDE HEADCOUNT REDUCTION AIMED AT RIGHT-SIZING CO'S COST-STRUCTURE - SEC FILING.  Full Article

Hasbro Reports Q3 Adjusted Earnings Per Share $1.93
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Hasbro Inc ::HASBRO REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.93.Q3 EARNINGS PER SHARE $2.06.Q3 REVENUE $1.57 BILLION VERSUS I/B/E/S VIEW $1.71 BILLION.Q3 EARNINGS PER SHARE VIEW $2.23 -- THOMSON REUTERS I/B/E/S.$907.1 MILLION IN CASH AT QUARTER END.Q3 2018 U.S. AND CANADA SEGMENT NET REVENUES DECREASED 7% TO $924.2 MILLION.Q3 2018 INTERNATIONAL SEGMENT NET REVENUES DECLINED 24% TO $560.7 MILLION.SEES PRE-TAX CASH RESTRUCTURING CHARGES FROM SEVERANCE, OTHER EMPLOYEE COSTS OF ABOUT $50 MILLION TO $60 MILLION, THAT WILL BE EXPENSED IN Q4.UNDERTAKING "ORGANIZATIONAL STEPS".QTRLY HASBRO GAMING NET REVENUE $280.8 MILLION VERSUS $280.1 MILLION REPORTED LAST YEAR.EXPECTS TO GENERATE ABOUT $30 MILLION TO $40 MILLION IN ANNUALIZED PRE-TAX SAVINGS BY 2020.EXPECTS CASH PAYMENTS TO BE MADE FROM OCTOBER 2018 THROUGH DECEMBER 2019 RELATED TO ORGANIZATIONAL STEPS.Q3 2018 FRANCHISE BRAND REVENUES DECREASED 5% TO $847.7 MILLION.HASBRO - U.S., CANADA SEGMENT QTRLY PERFORMANCE NEGATIVELY IMPACTED BY LOSS OF TOYS"R"US REVENUE, NOT MEETING SHIPPING DEMANDS LATE ACROSS RETAIL FOOTPRINT.QTRLY PARTNER BRAND REVENUES DECLINED 37% TO $305.8 MILLION.HASBRO - VOLUME OF PRODUCT LIQUIDATED IN Q2 HAD A NEAR-TERM IMPACT ON Q3 SELL THROUGH AND SHIPMENTS.FOREIGN EXCHANGE HAD A NEGATIVE IMPACT OF $32.0 MILLION, OR 2%, ON Q3 2018 REVENUES.  Full Article

Hasbro Inc Is Planning Layoffs That Will Trim Less Than 10% Of Its Workforce - WSJ
Friday, 19 Oct 2018 

Oct 19 (Reuters) - :HASBRO INC IS PLANNING LAYOFFS THAT WILL TRIM LESS THAN 10% OF ITS WORKFORCE - WSJ.  Full Article

Hasbro Sets Quarterly Cash Dividend Of $0.63 Per Share
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Hasbro Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.63PER SHARE.  Full Article

Hasbro CEO Says Will Continue Looking At Share Buy-back - CNBC
Monday, 23 Jul 2018 

July 23 (Reuters) - :HASBRO CEO SAYS WILL CONTINUE LOOKING AT SHARE BUYBACK; COULD BUY IN AMOUNT OF SHARES ISSUED TO BUY POWER RANGERS, WHICH WOULD BE ABOUT 3 MILLION SHARES - CNBC.HASBRO CEO BRIAN GOLDNER SAYS HAVE FOCUSED STRATEGICALLY OVER TIME ON MOVING OUT OF CHINA - CNBC.HASBRO CEO BRIAN GOLDNER SAYS "ABOUT 30 PERCENT OF OUR MANUFACTURING IS OUTSIDE OF CHINA"- CNBC.  Full Article

Hasbro's CEO Says Co Moving More Production Outside Of China As A Result Of Potential Tariffs
Monday, 23 Jul 2018 

July 23 (Reuters) - Hasbro Inc ::HASBRO- CO SAYS IN EUROPE TRU LIQUIDATION, CHANGING RETAIL DYNAMICS IN DEVELOPED AND EMERGING MARKETS TO HAVE IMPACT FOR THE REMAINDER OF 2018.HASBRO- CO SAYS TRUCKING STRIKE IN MEXICO AND ARGENTINA, AND BRAZIL MADE THE DELIVERY OF GOODS DIFFICULT.HASBRO- CO SAYS SD&A INCREASED AS A PERCENTAGE OF REVENUE PRIMARILY DUE TO HIGHER FREIGHT AND WAREHOUSING EXPENSES.HASBRO- CFO SAYS "WHILE HASBRO REVENUES WERE DOWN, POINT OF SALE INCREASED, AND RETAIL INVENTORY OF HASBRO PRODUCT DECLINED DURING THE QUARTER".HASBRO- CFO SAYS TRU IMPACT, CONTINUED PRESSURE OF HIGHER RETAIL INVENTORIES IN EUROPE TO HAVE A SHORT-TERM IMPACT IN GROSS MARGIN FOR FULL YEAR 2018.HASBRO- CFO SAYS CO SET FOR GROWTH IN OPERATING PROFIT AFTER THE DISRUPTION FROM TOYS"R"US GETS WORKED FULLY OUT OF SYSTEM.HASBRO- CFO SAYS "OVER THE NEXT FEW YEARS, THERE IS NOTHING PROHIBITING US FROM RETURNING TO A 62 PERCENT GROSS MARGIN".HASBRO- CEO SAYS CO MOVING MORE PRODUCTION OUTSIDE OF CHINA AS A RESULT OF POTENTIAL TARIFFS.  Full Article

Hasbro Reports Q2 Earnings Per Share $0.48
Monday, 23 Jul 2018 

July 23 (Reuters) - Hasbro Inc ::HASBRO REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.48.Q2 REVENUE $904.5 MILLION VERSUS I/B/E/S VIEW $833.1 MILLION.Q2 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.QTRLY FRANCHISE BRANDS NET REVENUE $506.5 MILLION VERSUS $545.7 MILLION REPORTED LAST YEAR.QTRLY PARTNER BRANDS NET REVENUE $208.0 MILLION VERSUS $230 MILLION REPORTED LAST YEAR.QTRLY HASBRO GAMING NET REVENUE $134.3 MILLION VERSUS $133.9 MILLION REPORTED LAST YEAR.QTRLY NET REVENUE FROM U.S. AND CANADA $459.3 MILLION VERSUS $494.4 MILLION REPORTED LAST YEAR.QTRLY LOWER REVENUES REFLECT LIQUIDATION OF TOYS"R"US IN U.S. AND MANY OTHER GLOBAL MARKETS.QTRLY INTERNATIONAL SEGMENT NET REVENUE $380.4 MILLION VERSUS $426.6 MILLION REPORTED LAST YEAR.HASBRO - Q2 INTERNATIONAL SEGMENT REVENUE NEGATIVELY IMPACTED BY EFFORTS TO CLEAR EXCESS RETAIL INVENTORY IN EUROPE, LOSS OF TOYS"R"US REVENUE.HASBRO SAYS "FOCUSED ON MOVING BEYOND NEAR-TERM DISRUPTION OF LOSING A MAJOR CUSTOMER".  Full Article

Hasbro Closes Acquisition Of Saban Properties' Power Rangers And Other Entertainment Assets
Tuesday, 12 Jun 2018 

June 12 (Reuters) - Hasbro Inc ::HASBRO CLOSES ACQUISITION OF SABAN PROPERTIES’ POWER RANGERS AND OTHER ENTERTAINMENT ASSETS.  Full Article

Toymaker Lego wins court case against Chinese copycats

COPENHAGEN, Nov 5 Lego has won another case against imitators in China where copies of its colourful plastic toy bricks and figures have been a recurrent problem, the Danish toymaker said on Monday.