Hasbro Inc
Toy stocks rally after Chinese tariffs slashed to 30%
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters Shares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China. The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy […]
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Barbie-parent Mattel pulls annual forecasts, will hike prices as tariffs raise costs
Mattel Inc. Barbie brand dolls for sale in the Toys “R” Us section of the Macy’s flagship store on Black Friday in New York, US, on Friday, Nov. 25, 2022. Jeenah Moon | Bloomberg | Getty Images Barbie-parent Mattel withdrew its annual financial targets on Monday and said it would increase prices for some products […]
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Hasbro CEO details tariff impact: ‘We’re making rapid changes’
In a Thursday interview with CNBC’s Jim Cramer, Hasbro CEO Chris Cocks detailed how the toy maker is trying to diversity its supply chain and adapt to President Donald Trump’s steep tariff hikes on China, one of its top suppliers. “I think we’re making rapid changes,” he said. “You know, our goal was to get […]
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Stocks making the biggest moves premarket: Meta Platforms, Intel, Alphabet and more
Check out the companies making headlines before the bell. Meta Platforms — The Facebook and Instgram parent jumped about 3%. Meta cut staff in its Reality Labs division, CNBC reported. Alphabet – The Google and YouTube owner climbed more than 4% after first-quarter results topped Wall Street expectations. Alphabet earned $2.81 per share on $90.23 […]
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Consumer companies are bracing for lower profits as tariffs force shoppers to rethink spending
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have […]
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Stocks making the biggest moves midday: PepsiCo, Texas Instruments, ServiceNow, IBM and more
Check out the companies making headlines in midday trading: Hasbro — The toymaker soared 16.3% after the company’s first-quarter report beat expectations. Hasbro earned $1.04 per share, excluding items, on $887.1 million in revenue. Analysts polled by FactSet forecast 67 cents in earnings per share and $771.1 million in revenue. Hasbro added it is not […]
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Hasbro forecasts as much as $300 million impact if China tariffs don’t come down
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023. Brandon Bell | Getty Images If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected […]
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Stocks making the biggest moves premarket: Texas Instruments, IBM, Southwest, ServiceNow, Hasbro & more
Check out the companies making headlines in premarket trading. Comcast — Shares dropped more than 3% after seeing a decline in customers for the first quarter . On Thursday, the cable giant reported a loss of 199,000 total domestic broadband customers as well as a loss of 427,000 in cable TV customers. The company did […]
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Mattel and Hasbro stocks notch new lows after Trump’s China tariff escalation
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece, […]
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Toy prices could jump 50% following Trump’s tariffs on China, Vietnam
The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy […]
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