JOURNAL ARTICLE

Hasbro Stock Soars, CEO Says 'Well Positioned' on Tariffs.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: D'Anastasio, Cecilia; Buckley, Thomas 3 of 3

Abstract

Hasbro Inc. saw a significant increase in its stock value after surpassing profit and revenue expectations, with CEO Chris Cocks stating that the company is well-prepared to handle potential tariff hikes. The company's first-quarter revenue exceeded analysts' estimates, driven in part by the success of its Magic: The Gathering card game. Hasbro is taking steps to reduce its manufacturing output from China and mitigate the impact of market volatility. CEO Cocks criticized proposed tariffs, emphasizing the importance of free and fair trade for the toy industry. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:184704351
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