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Where Will Hasbro Be in 5 Years?

TheMotleyFool

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Hasbro's (NASDAQ: HAS) stock has stayed nearly flat over the past five years as the S&P rose nearly 40%. The toymaker was hit hard by the Toys R' Us bankruptcy in 2017 and 2018, and many of its aging brands have struggled to stay relevant. Rising tariffs on Chinese-made products and the COVID-19 pandemic exacerbated the pain.

Hasbro's recent first-quarter earnings report didn't bring back the bulls, either. Its revenue dropped 8% annually to $1.11 billion, missing estimates by $20 million. Its adjusted net income fell 26% to $78 million, or $0.57 per share, but beat expectations by a penny.

Image source: Hasbro.

Source Fool.com

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