How Hasbro Is Winning the Toy Game
Hasbro (NASDAQ: HAS) surprised the market Tuesday with its second-quarter earnings in just the way that shareholders like to be surprised: Its net revenue rose 9%, well outpacing analysts' consensus 6% estimate -- and that was with a currency exchange headwind that cut 2% off the top-line gain.
In this segment from MarketFoolery, host Chris Hill and Motley Fool Asset Management's Bill Barker talk about the more obvious drivers of that growth, like its Avengers: Endgame merchandise, and the calendar impact from putting the Toys R Us bankruptcy further in the past. They also discuss less obvious tailwinds, such as its moves to diversify sourcing away from China, its margin improvements, and the staying power of Hasbro's deep catalog of classic game and toy brands.
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