Shares of Hasbro (HAS) are in an uptrend. It has surged 22.2% in the last one year, whereas peer Mattel (MAT) has registered a decline of 30.8% during the same time period. Hasbro has been able to do well despite unfavorable macro-economic factors which are keeping customers away from toy stores. Lower consumer spending in the U.S., people’s unwillingness to spend on non-essential items and a significant change in children’s tastes and preferences to electronic gadgets, has made lives difficult for the toy makers.
However, Hasbro is an exception. It continues to perform well, which was once again reflected in its third quarter results. The numbers were ahead of Street’s estimates, enabling its share price to inch up slightly. Let’s check it out. Continue Reading »