Hasbro Is Preparing for a Strong Finish to 2020

Hasbro Is Preparing for a Strong Finish to 2020

Hasbro's (NASDAQ: HAS) revenue and profits collapsed in the second quarter, reflecting the widespread store closures in recent months. If Hasbro shows quarter-over-quarter improvement from here, the share price should drift back to its 2019 highs. During the recent earnings call, management cited strong underlying demand for its classic toys and games and said that the supply chain is almost back to full operation.