Hasbro, Inc.
HAS · Consumer Cyclical
$93.20
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Why Is Mattel (MAT) Up 1.2% Since Last Earnings Report?
Mattel reported Q2 2026 earnings of 1 cent per share, missing estimates by 66.7% due to higher advertising and administrative expenses, though net sales of $1.13 billion beat consensus. Growth was driven by Vehicles (Hot Wheels) and Action Figures, while Dolls and Preschool categories declined. Gross margins contracted 260 basis points due to tariffs and inflation. The company reaffirmed its 2026 outlook for 3-6% constant-currency sales growth and $1.27-$1.39 EPS. Mattel holds a Zacks Rank #3 (Hold) with upward estimate revisions.
Hasbro Exec Rolled a "1" on Video Games -- and Lost His Job
Hasbro's Wizards of the Coast President John Hight is departing his role effective September 1, likely due to the cancellation of several planned video games that resulted in a $56 million impairment charge. Despite Hight's successful tenure driving 27% growth at WotC and turning the company profitable, Hasbro is moving forward with new D&D franchise expansions including crossovers with World of Warcraft and Star Wars.