From Dungeons & Dragons to Risk and Clue, Hasbro outlines upcoming film and TV plans
Fans of Transformers, My Little Pony and Dungeons & Dragons are going to have more ways to experience their favorite toys and games. On Thursday, Hasbro shared its plans for dozens of films and television shows based on its iconic intellectual properties during its investor day. However, after its $3.8 billion acquisition of Entertainment One at the end of 2019, Hasbro has been able to triple its number of entertainment projects. "Sometime between 2022 and 2023, you should see two to three movies every year from us and three to four streamed shows," Hasbro CEO Brian Goldner said in an interview. In addition, the toymaker revealed plans for unscripted projects based on Monopoly, Mouse Trap, Easy Bake, Operation, Nerf and Play-Doh.
cnbc.comDisney+ will fuel Hasbro gains long after the pandemic is over as Star Wars toy sales jump
Hasbro is proving that it doesn't need movie theaters to sell Star Wars toys. While the Rhode Island-based toy company saw sales of its partner brands, licensed content from entertainment studios, fall 12% to $1.08 billion for the full-year, its sales of Star Wars grew 70% in 2020. Last year marked the first time since 2014 that Disney did not release a Star Wars film in theaters, but Grogu, the child formerly known as Baby Yoda; high-end collectibles and toy lightsabers fueled growth for the toy franchise. But after excluding items, Hasbro earned $1.27 per share, which was better than the $1.14 per share analysts were expecting. Revenue rose 21% to $1.72 billion, and topped expectations of $1.69 billion, aided by strong sales of games like Jenga, Scrabble and Dungeons & Dragons.
cnbc.comStocks making the biggest moves midday: Zoom Video, Hasbro, Netflix, Boeing & more
Check out the companies making headlines in midday trading on Monday:Zoom Video Shares of the video conferencing company rose 22% as investors look for stocks that that can benefit from the increase in people working from home. Hasbro Hasbro shares jumped 12.5% after CEO Brian Goldner said on CNBC the company was seeing strong demands for its products. AllianceBernstein Shares of the private wealth manger dropped 10.3% after Bank of America downgraded AllianceBernstein's stock to neutral from buy. Boeing Shares of Boeing surged, jumping 11.2%, after the company announced it would shut down production at its Seattle area factories for at least two weeks. Best Buy Best Buy shares were down 1.9%.
cnbc.comHasbro shares soar as CEO cites 'great demand' for toys, notes China supply chain coming back
Hasbro stock was soaring Monday morning after CEO Brian Goldner told CNBC that the company was experiencing strong demand during the coronavirus pandemic. "Overall we are seeing great demand in our products," Goldner said on "Squawk Box." In late February, Hasbro warned investors in a regulatory filing that the COVID-19 outbreak in China could cause "significant negative impact on our revenues, profitability and business." "Our first quarter has been quite good," Goldner told CNBC on Monday. Goldner said demand for Hasbro's games, such as Monopoly and Operation, and Play-Doh have been particularly strong.
cnbc.comHasbro extends Disney pact for Star Wars, Marvel toys and games
Hasbro will retain the master toy licenses for Disney's Star Wars and Marvel brands, the Rhode Island-based toymaker said Friday. The pact, which Hasbro and Disney extended back in 2013, was expected to expire in 2020. "We are pleased to build on our relationship with Disney and extend our agreement for Marvel and Star Wars franchises," Brian Goldner, Hasbro's chairman and CEO, said in a statement. The company pointed to strong sales of "Frozen 2," "Avengers," "Spider-Man" and "Star Wars" lines for the increase. The agreement allows Hasbro to make products based on Marvel and Star Wars content on film, television and Disney+.
cnbc.comEverything Jim Cramer said about the stock market on 'Mad Money,' including Biogen drug, Hasbro and Logitech, Beyond Meat
CNBC's Jim Cramer explains why it's worth picking individual stocks in a world of investors that place more value in index funds. Lightning doesn't strike index funds as it does individual stocksTraders work on the floor at the New York Stock Exchange, September 12, 2019. Brendan McDermid | ReutersCNBC's on Tuesday doubled down on his doctrine that investors should go beyond just owning index funds and also buy individual stocks. "I bring this up because lightning's never going to strike that index fund of yours [the way] it struck Biogen," Cramer said. Women launch 40% of U.S. businesses, yet receive just 3% of venture capital funding, Cashman said.
cnbc.comHasbro hit hard by tariffs just before the holidays
Justin Sullivan/Getty Images"The Force" and "Frozen" couldn't save toy maker Hasbro from the US-China trade war. Hasbro added that the company was forced to post higher shipping and warehousing expenses as retailers shifted the timing of their orders as a result of tariffs. Hasbro also reported flat sales growth in the unit that includes toys for younger kids, including Power Rangers, Playskool and Mr. Hasbro and Mattel have bounced back since then and have increased their presence at other top retailers such as Amazon, Walmart and Target. But tariffs could still wind up being the Grinch that steals Christmas sales for both toy companies this holiday season.
Hasbro has 'come out of the gates into the fourth quarter strongly,' CEO Brian Goldner tells Jim Cramer
Hasbro CEO Brian Goldner on Tuesday told CNBC that sales are off to a strong start in the fourth quarter. "We have a number of new products coming into the holidays," he said in a "Mad Money" interview with Jim Cramer. "We said we believe we can grow in the fourth quarter and, as we go forward, we will get through this issue related to the tariffs." "Going forward after fourth quarter 2019 our teams, like we always do, address these issues in real time," Goldner said. "We've come out of the gates into the fourth quarter strongly," Goldner said.
cnbc.comHasbro buys Peppa Pig owner for $4 billion
A child poses with Peppa Pig during GOOD+ Foundation's 2018 NY Bash sponsored by Hearst on May 31, 2018, in New York City. (CNN) - Hasbro is buying the company that owns popular children's cartoon Peppa Pig, expanding its push into entertainment with a bet on preschoolers. The entertainment company, which trades on the London Stock Exchange, also owns the animated brands PJ Masks and Ricky Zoom. The deal will combine those titles with Hasbro's popular brands, including My Little Pony, Transformers, Play-Doh, Monopoly and Power Rangers. Hasbro has sought to recover from the closure of Toys "R" Us, a major partner by striking creative new deals.
Hasbro plans to cut China production and looks to India and Vietnam to make more of its toys
The U.S.-China trade war is spurring Hasbro to reduce its reliance on China for making its toys. China has long been an important country for manufacturing toys: 67% of Hasbro's products sold in the U.S. came from there last year. However, as Washington and Beijing slap tariffs on each other's products, Hasbro is increasing its production in countries other than China. "We're increasingly spreading our footprint and adding new geographies for production globally," Hasbro CEO Brian Goldner said during an earnings call Tuesday. The company also sourced 20% of its products sold in the U.S. from American manufacturers during the year.
cnbc.com