Play-Doh & Transformers save Hasbro

Snap back... First, CEO Evan Spiegel changed his office uniform from t-shirt to nicer t-shirt. Then Snap rolled out its Games initiative last month. Now the mojo's officially returned after its 1st quarter earnings beat expectations. Our highlights:

• Revenues rose 39% to $320M.
• The number of Snapchat daily users rose 2% to 190M — That's more than Twitter.
• A new Android app upgrade is finally done that's less derpy. It's already increased snaps sent by 6% in the first week because the app simply opens faster.
• It spent more cash on the biz than it made (aka "negative cash flow") but that deficit shrank from $232M to just $66M.

World War Gen Z... This report was a reminder of how incredibly engaged the youngest generation of adults (and future adults) in America is with Snap:

• 75% of 13-34 year-olds snap daily.
• 90% of 13-24 year-olds do.
• And they're all still the "most coveted demographic" for advertisers.

Schedule more playdates... with the Pawtucket, RI-based team over at Hasbro. The 2018 Toys 'R' Us bankruptcy dropped toy sales nationwide 2% last year. But Hasbro stock jumped 14% Tuesday on signs it survived the play-pocalypse.

• February 2019: Hasbro revealed its toy sales fell 13% over the holidays (blames Toys 'R' Us).
• Yesterday: Hasbro's 1st quarter sales rose 2% — Their first gain in six quarters.

Dust off the top-bunk play box... Hasbro has found new retail shelf-space in grocery and drug stores to replace losses at Toys 'R' Us. But here are the toys heroically headlining its comeback:

• Classics: Play-Doh and Monopoly sales rebounded hard.
• Hollywood: Transformers got another movie (BumbleBee made $470M @ the box office) and an action figure with big sales.
• Virtual: Forget cards. "Magic: The Gathering" now has a very real e-sports competition called "Arena" (and Hasbro's monetized it).

Update: The trade war's still raging... The US reamins in tit-for-tat mode with China and Europe on international trade. And the trade taxes slapped on each other (aka tariffs) oozed out of Tuesday's serving of earnings reports.

🤬__The loser:__ Harley Davidson — Its profits dropped 27% and shares fell Tuesday.

• Europe and China targeted Harley for retaliatory tariffs because the brand is so tattoo-ably American. That made bikes more expensive to customers abroad, hurting sales.

💵__The winner:__ Whirlpool — Its profits rose 10% and shares jumped Tuesday.

• Whirlpool's American-made washing machines have an advantage on Samsung and LG's Korean-made ones. Those two had to raise prices because of US tariffs. Whirlpool didn't... but did anyway. So fewer Whirlpools were sold, but the sold ones were more profitable.

• Takeoff: Alphabet's big Google bet, Wing, becomes the 1st drone delivery service to get FAA approval
• Arriving: Postmates adds 1,000 more cities to its delivery zone (hitting 3,500) on route to an IPO
• Sipped: Coca-Cola will expand new coffee-infused energy drink versions of itself to 25 countries (and its earnings beat analysts' expectations)
• Punished: Walgreens ups its tobacco age to 21 after an FDA shaming for underage sales
• Splurges: P&G enjoyed its best quarterly sales growth in eight years by increasing prices on razors, mayo, and soaps
• Out: Fuse, J-Lo's media company, files for bankruptcy

• Earnings from Facebook, Chipotle, Domino's, Microsoft, Boeing, PayPal, and Tesla