Hasbro Keeps Guidance Unchanged, Despite Trade War
Hasbro's shares climbed 15% after first-quarter results sailed past analyst expectations, while the toymaker said it wouldn't change guidance it provided in February despite recent escalations in the global tariff war. The evolving trade picture isn’t expected to create much pain for Hasbro in the short term, as the company doesn't anticipate having a large number of deliveries in the first four to five months of the year, Chief Executive Chris Cocks said. Hasbro is standing with the Toy Association, the U.S. toy industry group, in calling for the elimination of all global tariffs on toys and games, the CEO said.