Hasbro, Inc. (NASDAQ: HAS) is an American multinational company that engages in the design, manufacture, and marketing of games, toys, and other entertainment products. It was founded in 1923 by Henry Hassenfeld, Hilal Hassenfeld, and Herman Hassenfeld in Providence, Rhode Island. Over the years, Hasbro has become one of the largest toy and game companies in the world.
Some key aspects of Hasbro include:
- Hasbro has operations in more than 40 countries and sells its products in over 150 countries. The company is divided into three segments: Entertainment One, Hasbro Gaming, and Hasbro Brands. The Entertainment One segment focuses on producing and distributing movies and TV shows, while the Hasbro Gaming segment produces board games and puzzles. The Hasbro Brands segment produces and sells toys and games, including action figures, dolls, and role-playing games.
- In terms of revenue, Hasbro reported $5.89 billion in net revenue for the fiscal year 2020. The company has around 5,400 employees globally, with a majority of them located in the United States. Hasbro has also been recognized for its commitment to sustainability and was named to the Dow Jones Sustainability World Index for the 10th consecutive year in 2020.
- Product Portfolio: Hasbro's extensive product portfolio includes a wide range of toys, games, and entertainment products, such as action figures, board games, dolls, electronic games, and puzzles. Some of the most popular Hasbro brands include Transformers, G.I. Joe, My Little Pony, Nerf, Play-Doh, and Monopoly.
- Entertainment and Media: Hasbro has expanded into the entertainment and media industry through the acquisition of companies such as Entertainment One (eOne) in 2019, which brought brands like Peppa Pig and PJ Masks into Hasbro's portfolio. Hasbro also has a division called Allspark, which focuses on creating multimedia content, including films and television shows, based on their popular brands.
- Licensing and Partnerships: Hasbro has forged several strategic partnerships and licensing agreements with companies such as Disney, Marvel, and Nickelodeon to develop toys and games based on popular franchises like Star Wars, Marvel's Avengers, and Teenage Mutant Ninja Turtles.
- Global Presence: Hasbro has a strong global presence, with operations and distribution channels in North America, Europe, Asia, and other regions. The company sells its products through a variety of channels, including traditional brick-and-mortar retailers, e-commerce platforms, and specialty toy stores.
- Corporate Social Responsibility: Hasbro is committed to corporate social responsibility and has implemented various initiatives to promote ethical sourcing, environmental sustainability, and diversity and inclusion. The company has been recognized for its efforts in these areas, earning a spot on the Ethisphere Institute's list of the World's Most Ethical Companies multiple times.
- Financial Performance: As a publicly traded company, Hasbro's financial performance can be tracked through its filings with the U.S. Securities and Exchange Commission (SEC) and its stock performance on the NASDAQ stock exchange. The company has experienced ups and downs in its financial performance over the years, affected by factors such as changes in consumer preferences, economic conditions, and increased competition in the toy industry.
Overall, Hasbro has a strong reputation in the toy and game industry and continues to innovate and expand its product offerings.
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