business

2/20/25

Hasbro shares pass go after it beat Wall Street expectations and slashed costs

Hasbro shares jumped more than 11% after the company reported earnings Thursday, making the toy maker the top gainer in the S&P 500.

Piquing investor interest: a revenue beat and a plan to deliver $1 billion in cost savings through 2027 while investing more in its biggest brands, like Play-Doh and “Magic: The Gathering.”

Speaking of “Magic,” the tabletop strategy game’s sales ticked slightly down on the year but still pulled in over $1 billion in 2024, accounting for more than half of Hasbro’s total gaming revenue.

Hasbro’s digital and licensed gaming segment grew 22% in 2024, with the massive mobile game “Monopoly Go!” contributing $112 million.

The “Dungeons & Dragons” parent said sales should grow by the mid-single digits in the current year, accounting for tariffs on goods from China, Canada, and Mexico. Earlier this month, rival Mattel said it may hike the prices of Barbie and Hot Wheels toys to offset the impact of tariffs. About 40% of both Hasbro and Mattel toys are made in China.

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Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

Lululemon sales are being squeezed — but it’s hoping sports sponsorships will save its skin

The athleisure brand is now looking to real-life athletes to rescue its flagging US sales from the end of de minimis.

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