Disappoint on all fronts or just one or two of the properties? I can see Star Wars and Marvel being lackluster because it feels like (with the exception of Spider-Man). They’re targeted to 30-year-old man-children (aka, us). But I just can’t see Magic and Frozen doing poorly. I am worried about supply chain issues due to ToysRUs aftereffects (which they said were NBD before) and tariffs. But what are you hearing? Honestly, I don’t think I can go into the Baby Yoda Autism In A World Where You Can Be Anything Be Kind Shirt. The industry as a whole is in toil and to give you a clue, it has something to do with its production line. Physical products will struggle to meet expectations set last quarter.
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Don’t forget that the majority of their shit is made in China, which is having literal moratoriums on people going to work, which will further exacerbate their supply problems. They will have a lot of trouble importing goods at a viable price. From what I hear, a majority of the top players in this industry are reducing/cancel cargo to avoid tariff bumps. The volume of imports is heavily reduced. And the Baby Yoda Autism In A World Where You Can Be Anything Be Kind Shirt has also declined very significantly. Anyway, just stay away from Hasbro calls. Puts are a maybe, but implied moves are kind of high so it’s risky. I am certain they will have a pretty underwhelming first and second quarter. I don’t want to figure out what my personal risk tolerance is you know.
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A large part of it is also speculative gambling. It’s a collectible card game that comes in randomized packs. That’s legally printing money in all but name. Where Hasbro failed all these years is capitalize on this IP to create a Baby Yoda Autism In A World Where You Can Be Anything Be Kind Shirt. Other competitors beat them to it, like Blizzard’s Hearthstone (Blizzard prints money digitally, bypassing the ink and paper). Hasbro has been pretty abysmal in making full use of their IP, from GI Joe to Magic to D&D, to some of their lesser-known stuff. About their only successful movies are the Transformers franchise. They should have had something like the MCU if they played their cards right or at least a few smaller movie franchises.
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