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Tag: Hasbro

Hasbro shares soar as CEO cites ‘great demand’ for toys

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 fact, our supply chains are back up and running in China,” he added.  Shares of Hasbro were up more …

Hasbro shares soar as CEO cites ‘great demand’ for toysRead More

Hasbro shares drop 15% as tariffs boost costs, earnings fall short

Shares of Hasbro dropped more than 15% on Tuesday after the toymaker fell short of Wall Street estimates for quarterly profit, as the threat of tariffs on toys imported from China increased shipping and warehousing costs and caused cancellations of direct import orders. The threat and implementation of tariffs in the third quarter impacted Hasbro’s …

Hasbro shares drop 15% as tariffs boost costs, earnings fall shortRead More