Hasbro, Inc. Consumer Goods | Toys & Games | USA Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The company operates through U.S. and Canada, International, and Entertainment and Licensing. The U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada. The International segment markets and sells both toy and game products primarily in the European, the Asia Pacific, and Latin and South American regions. The Entertainment and Licensing segment engages in consumer products licensing, digital gaming, and movie and television entertainment operations. The company sells its products to wholesalers, distributors, chain stores, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as Internet-based e-tailers. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.
Hasbro Slides After Playskool and Easy-Bake Toys Lose Favor https://finance.yahoo.com/news/hasbro-slides-playskool-easy-bake-124305551.html Easy-Bake ovens aren’t as popular as they used to be. Demand for Hasbro Inc.’s Easy-Bake, Playskool and Super Soaker brands declined in the second quarter, pushing sales below analysts’ estimates. While the company’s so-called Franchise products -- Transformers, Nerf and Monopoly, among others -- remained strong, the results sent shares down as much as 6 percent in early trading. Regional weakness in places like Brazil and the U.K. contributed to tepid sales, Hasbro said. The company also saw just 1 percent growth from its Partner Brands, a group that includes Star Wars and Marvel products. But Hasbro expects the upcoming “Star Wars: The Last Jedi” film to help fuel results in the second half of the year. The company is banking on a “robust and diverse entertainment slate” to boost sales, Chief Executive Officer Brian Goldner said in a statement. Shares of Pawtucket, Rhode Island-based Hasbro fell as low as $108.99 in premarket trading. They had gained 49 percent this year to $115.95 through the end of last week. Sales amounted to $972.5 billion in the quarter, missing the $974.2 billion average of analysts’ projections. Still, profit exceeded estimates. Including an accounting benefit, earnings were 53 cents a share. Analysts predicted 45 cents.
