The issue of tariffs has been front and center for a lot of companies lately. Toy maker Hasbro (HAS) is no exception here, and it already has a few plans in mind to work around the tariffs taking aim at China. That was good news for investors, who sent shares blasting up over 13% in Thursday afternoon’s trading.
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Since a lot of toys are produced in the various factories of China, reports note, Chinese tariffs could have an outsized impact on the profits of a toymaker like Hasbro. But Hasbro, like many other companies, has been shifting production away from China and looking into other ports to handle their production needs.
Better yet, while competitor Mattel (MAT) is looking to potentially hike prices, Hasbro is instead looking to leverage its supply chain, which may help it keep prices down and thus draw more shoppers who want a new toy, but do not want to pay inflated…
