Where Will Hasbro Be in 5 Years?

Hasbro (NASDAQ: HAS) kicked off 2020 by completing its acquisition of British TV and film producer Entertainment One -- part of its plan to create a unified "play and entertainment company," as Hasbro puts it. The pandemic put many of those ambitions on hold, but Hasbro's vision still seems sound. As the long-term effects of COVID-19 reshape the entertainment industry, the next five years look promising for Hasbro.

Through the first nine months of 2020, sales of Hasbro's stable of brands (including Transformers, Play-doh, and Monopoly, to name just a few) are performing well. Reported revenue was up 14% year over year to $3.74 billion. Free cash flow rose 34% to $402 million, good for a healthy free cash flow profit margin of nearly 11%. After a tough couple of years following the Toys "R" Us bankruptcy, Hasbro has made solid progress diversifying its retail sales into online outlets.

Image source: Getty Images.

Source Fool.com