Latest news with #MAGIC
Yahoo
2 days ago
- Business
- Yahoo
HAS Q2 Earnings on Deck: Will Consumer Product Drag Its Results?
Hasbro, Inc. HAS is scheduled to report second-quarter fiscal 2025 results on July 23, before the opening bell. In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate by 55.2%. How Are Estimates Placed? The Zacks Consensus Estimate for earnings is pegged at 78 cents per share, indicating a decline of 36.1% from the $1.22 reported a year ago. (See the Zacks Earnings Calendar to stay ahead of market-making news.)For revenues, the consensus estimate is pegged at $873 million, implying a decline of 12.3% from the prior-year quarter's reported figure. Let us delve deeper. Factors to Note Ahead of HAS' Q2 Results Hasbro's fiscal second-quarter top line is likely to have been weighed down by a combination of macroeconomic uncertainty and tariff-related disruptions, particularly within its Consumer Products segment. While demand remained stable for brands like MAGIC and Monopoly Go!, Hasbro anticipates a slowdown in direct import activity, which might have dampened revenue growth in the quarter. Additionally, ongoing SKU rationalization and strategic portfolio trimming are likely to have constrained top-line model predicts total Consumer Products revenues to decline 23.6% year over year to $400.9 million. On the other hand, total Wizards of the Coast & Digital Gaming and Entertainment revenues are likely to increase 2.1% and 1%, respectively, year over year to $461.4 million and $19 million. Hasbro has been witnessing strong gaming demand. The company boasts a comprehensive gaming portfolio and is refining gaming experiences across multiple platforms, including face-to-face gaming, tabletop gaming and digital gaming on mobile. On the bottom line, Hasbro has faced mounting margin pressure from rising input costs tied to tariff exposure and supply-chain shifts. The company expects an estimated gross impact of $100 million to $300 million for the year from tariffs, with $60 million to $180 million potentially hitting net profits even after mitigation efforts. To offset these pressures, Hasbro has accelerated cost-saving initiatives and optimized sourcing, but near-term expenses related to logistics, manufacturing diversification and royalty increases in its Wizards segment are likely to have compressed operating margins in second-quarter 2025. Hasbro, Inc. Price and EPS Surprise Hasbro, Inc. price-eps-surprise | Hasbro, Inc. Quote What the Zacks Model Unveils for HAS Our proven model does not conclusively predict an earnings beat for Hasbro this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case can uncover the best stocks to buy or sell before they are reported with our Earnings ESP currently has an Earnings ESP of 0.00% and a Zacks Rank #3. Stocks Poised to Beat Earnings Here are some stocks from the Zacks Consumer-Discretionary space that investors may consider, as our model shows that these have the right combination of elements to post an earnings Resorts International MGM has an Earnings ESP of +2.45% and a Zacks Rank of 3 at present. You can see the complete list of today's Zacks #1 Rank stocks here. For the to-be-reported quarter, MGM Resorts' earnings are expected to register a 36.1% decline. MGM Resorts' earnings beat the consensus estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 25.5%. Boyd Gaming Corporation BYD currently has an Earnings ESP of +0.81% and a Zacks Rank of the to-be-reported quarter, Boyd Gaming's earnings are expected to increase 5.1%. Boyd Gaming's earnings beat the consensus estimates in each of the trailing four quarters, the average surprise being 8%. PENN Entertainment, Inc. PENN presently has an Earnings ESP of +26.91% and a Zacks Rank of the to-be-reported quarter, PENN Entertainment's earnings are expected to increase 61.1%. PENN Entertainment's earnings beat estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 13.5%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hasbro, Inc. (HAS) : Free Stock Analysis Report MGM Resorts International (MGM) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report PENN Entertainment, Inc. (PENN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
12-07-2025
- Business
- Time of India
Auric will get 10,000 acres for expansion, says secretary of department for promotion of industry & internal trade
Chhatrapati Sambhajinagar: Amardeep Singh Bhatia, the secretary of Centre's department for promotion of industry and internal trade (DPIIT) at the Centre, announced on Saturday that the Aurangabad Industrial City (Auric) will undergo further expansion on 10,000 acres of land. "Auric will play a key role in the path to achieving a $30 trillion economy for India by 2047. It has been playing a pioneering role by emerging as a vibrant manufacturing hub," Bhatia said during his visit to Auric at Chhatrapati Sambhajinagar. Auric is a greenfield industrial smart city taking shape over 10,000 acres as part of the Delhi-Mumbai Industrial Corridor (DMIC). The industrial city is being developed in Bidkin and Shendra nodes, with the Bidkin node already attracting significant investments from electric vehicle manufacturers, among others. Bhatia added that Centre plans to establish 100 additional industrial cities like Auric across the country. "In order to achieve the $30 trillion economy target, we have to grow at the rate of 9 to 10% every year. The development of manufacturing hubs is crucial to achieve this," he said. P Anbalagan, the principal secretary of the state industries department, who accompanied the Union secretary, said, "The necessary notification would be issued in the next two to three months, paving the way for the expansion of the AURIC." Bhatia also visited the Marathwada Accelerator for Growth and Incubation Council (MAGIC), emphasising that Indian startups should focus on building world-class products. "The Indian startups need to focus not just on India but on global markets. The country has emerged as the third-largest startup ecosystem globally," he said, praising MAGIC for securing more than 20 patents for startups and supporting tier-2 and tier-3 cities. Speaking on the occasion, Anbalagan announced that 15 new policies would soon be introduced by state govt, covering sectors such as defence, event management, logistics, deep technology, and special MSME support. "Funding worth Rs 3,000 crore will be made available across various domains for startups. Additionally, the 'MAITRI 2.0' portal will soon be launched, offering approvals for over 120 services through a single-window system," he said.
Yahoo
08-07-2025
- Business
- Yahoo
MAGIC, PROJECT and SOURCING At MAGIC Las Vegas Return with New Ways to Connect and Scale
LAS VEGAS, NV / / July 8, 2025 / MAGIC, PROJECT and SOURCING at MAGIC returns to the Las Vegas Convention Center Aug. 18-20, 2025, sharper, bolder and built for retail growth. The co-located event marketplace brings together manufacturers, suppliers, brands and buyers from around the world under one roof to evolve the fashion ecosystem together. At the August show, MAGIC will unveil the Retail Solutions Center, a groundbreaking business hub strategically positioned in a high-traffic area. This innovative marketplace is designed to support retailers' growth and scalability, featuring carefully curated exhibitors from leading payment solutions, shipping providers, security systems, financial services and retail technology companies. The center also offers dedicated lounge space for one-on-one meetings, networking happy hours and all-day refreshments, creating an optimal environment for meaningful business connections. Matchmaking will also take center stage in the expanding Brand Curation section of the show floor, where strategic connections will be facilitated for retailers with specific product needs. In addition, for the first time ever, all exhibitors can take advantage of onsite rebooking, streamlining the process to maintain valuable in-person relationships year-round. This year's show will feature a robust international presence, bringing diverse perspectives to the stage and to the show floor. Key participating countries include Denmark, Türkiye, Colombia, Egypt, Canada, France, India, Pakistan and many others, all seeking strategic partnerships with brands, retailers and entrepreneurs to accelerate business growth. The marketplace also showcases vital initiatives like The Incubator Program, launched in 2020, and which aims to elevate designers of color and Black-owned brands to foster greater allyship, equality and inclusivity within the fashion industry. Returning PROJECT brands participating in the program this August include NOMA, VertictStillOut and GOAT by James King. "MAGIC Las Vegas goes beyond a traditional wholesale fashion event, it's where tangible industry business happens," says Jordan Rudow, Vice President of MAGIC and OFFPRICE, Informa Markets. "Retailers discover tomorrow's trends while brands secure vital partnerships that drive growth. The ROI is clear: buyers leave with collections that excite consumers, and brands establish distribution channels in just three days that would typically take months to develop. In today's evolving fashion landscape, we provide a comprehensive platform that accelerates business growth across the industry." MAGIC MAGIC is home to comprehensive collections spanning trend, young contemporary, modern sportswear and contemporary women's fashion across affordable to moderate price points. Top exhibiting brands include 7 for All Mankind, Wit & Wisdom, Casemate, Flag & Anthem, Havaianas, Happy Caps, Formless Beauty and Gemelli. This year's edition highlights exciting event features, including the MAGIC runway show, presenting the season's most innovative looks in a dynamic live presentation showcasing top exhibiting designers. Additional event offerings and fashion-forward activities include happy hours, educational sessions, hosted-buyer programs and much more. Confirmed retailers are set to attend and browse the latest collections including ASOS, Hemline, Bloomingdales, Urban Outfitters UK, Dillard's, Stitch Fix, Boot Barn and Isalis, among others. PROJECT PROJECT Las Vegas offers an expertly curated presentation of contemporary men's apparel, footwear and accessories. Leading brands will showcase their collections, representing a comprehensive spectrum of men's sportswear, denim, basics, streetwear, activewear, tailored clothing and everything in between. Top retailers set to attend include Buckle, Macy's, Nordstrom, Snipes, Tillys, Zumiez, The Athlete's Foot and much more. Recognizing golf and sports apparel as significant emerging trends in menswear, PROJECT hosts a Sunday Golf Tournament on Aug. 17 to kick off the event week with networking on the green before the show floor opens. In addition, Gwop Meet, presented by GOLF STORE, will be featured on the show floor, showcasing forward-thinking golf brands and a pop-up style shop. "PROJECT Las Vegas has evolved into the premier showcase where modern menswear comes to life through thoughtful curation and innovative brand stories. We've created an environment where buyers can discover everything from emerging streetwear to refined casual collections all under one roof," says Edwina Kulego, Vice President of Events, International, SOURCING and Men's. "Alongside this, SOURCING at MAGIC has established itself as the essential destination where international production expertise meets creative vision. Together, these platforms deliver the comprehensive market experience that today's fashion professionals demand." SOURCING at MAGIC SOURCING at MAGIC stands as the definitive foundation where fashion begins, providing a powerful platform connecting manufacturers, suppliers, brands and retail buyers from around the world, uniting a global audience under one roof, all seeking solutions to supply chain needs and product discovery. To Register: Registration is now open for MAGIC, PROJECT and SOURCING at MAGIC Las Vegas. Attendees can access exclusive deals and special accommodation rates on Las Vegas hotels through the official hotel provider OnPeak. Complimentary shuttles to OFFPRICE Las Vegas at the Venetian Expo will also be available all three show days, providing convenient transportation between venues for attendees looking to maximize their market week experience. For more information on how to register please visit and About Informa Markets Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. With a global reach and diverse portfolio of verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure, Informa Markets connects buyers and sellers worldwide through face-to-face exhibitions, targeted digital services and actionable data solutions. For more information, visit Media ContactFashionpr@ SOURCE: INFORMA MARKETS - FASHION View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
OFFPRICE Returns to Las Vegas Marketplace, Showcasing Over 50 Fashion Categories to Retailers Worldwide
LAS VEGAS, NV / / July 8, 2025 / This August, OFFPRICE Las Vegas, the global B2B marketplace for the retail fashion industry, returns to Venetian Expo. This premier marketplace connects global retailers with immediate, high-margin inventory across more than 50 fashion categories. From Aug.17-20, savvy buyers from over 45 countries will discover the competitive edge they need by sourcing Fall/Winter 2025 collections, immediate/in-stock inventory, and cash-and-carry products. The comprehensive selection spans everything from denim and outerwear to accessories, resortwear, contemporary styles and children's merchandise-all at prices designed to maximize profit margins. OFFPRICE stands as the industry's definitive marketplace where retailers secure high-demand, quality merchandise below wholesale prices, enabling businesses to dramatically increase profit margins while offering customers the brands and styles they crave. This unique value proposition has made OFFPRICE the trusted destination for retailers focused on maximizing both customer satisfaction and bottom-line growth. Featuring a robust lineup of attending retailers from boutiques, discount and non-profits to major chains, hotels and universities, confirmed retailers include prominent players like Ross Stores/dd's Discounts, Burlington, Bealls, Factory Connection, Fashion Nova, Crossroads Trading, Madrag, Dunham's Sports, Red Apple Stores, H-E-B, Giant Tiger, Caesars Entertainment and Herschend Family Entertainment, to name a few. Retailers will also benefit from exclusive show-only deals unavailable elsewhere in the market. This year, leading exhibitors like Love Poem, Wholesale Fashion Trends, Steal Deal, Exist, Original USA, Nima Accessories, World Famous Sports, All That Glitterz and D&L Apparel are setting the pace. "This season, OFFPRICE is the ultimate one-stop shop for immediate products across countless categories," said Jordan Rudow, Vice President, MAGIC and OFFPRICE, Informa Markets. "We are continuing to make strides in amplifying our focus on the wholesale vendor side of the business. With influential buying teams from around the world in attendance, OFFPRICE stands as the essential sourcing event for Fall/Winter 2025 inventory." Complimentary shuttle service between OFFPRICE and LVCC shows MAGIC, PROJECT and SOURCING at MAGIC will be available during the event dates, as well as special hotel rates for early-booking buyers and exhibitors through July 22. To register to attend the Aug. 17-20 event in Las Vegas, please visit About OFFPRICE OFFPRICE is the global B2B off-price marketplace where retailers can find in-season, on-trend, brand name, and value and off-price merchandise for retail stores, e-commerce sites, or resale businesses. Showcasing thousands of quality products at 20-80% off wholesale cost, OFFPRICE plays host to a vast number of categories, including apparel, footwear and accessories for men, women and children. For more information, please visit: About Informa Markets Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. With a global reach and diverse portfolio of verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure, Informa Markets connects buyers and sellers worldwide through face-to-face exhibitions, targeted digital services and actionable data solutions. For more information, visit Media Contact Informa Markets Fashion PR FashionPR@ SOURCE: INFORMA MARKETS - FASHION View the original press release on ACCESS Newswire
Associated Press
08-07-2025
- Business
- Associated Press
MAGIC, PROJECT and SOURCING At MAGIC Las Vegas Return with New Ways to Connect and Scale
LAS VEGAS, NV / ACCESS Newswire / July 8, 2025 / MAGIC, PROJECT and SOURCING at MAGIC returns to the Las Vegas Convention Center Aug. 18-20, 2025, sharper, bolder and built for retail growth. The co-located event marketplace brings together manufacturers, suppliers, brands and buyers from around the world under one roof to evolve the fashion ecosystem together. At the August show, MAGIC will unveil the Retail Solutions Center, a groundbreaking business hub strategically positioned in a high-traffic area. This innovative marketplace is designed to support retailers' growth and scalability, featuring carefully curated exhibitors from leading payment solutions, shipping providers, security systems, financial services and retail technology companies. The center also offers dedicated lounge space for one-on-one meetings, networking happy hours and all-day refreshments, creating an optimal environment for meaningful business connections. Matchmaking will also take center stage in the expanding Brand Curation section of the show floor, where strategic connections will be facilitated for retailers with specific product needs. In addition, for the first time ever, all exhibitors can take advantage of onsite rebooking, streamlining the process to maintain valuable in-person relationships year-round. This year's show will feature a robust international presence, bringing diverse perspectives to the stage and to the show floor. Key participating countries include Denmark, Türkiye, Colombia, Egypt, Canada, France, India, Pakistan and many others, all seeking strategic partnerships with brands, retailers and entrepreneurs to accelerate business growth. The marketplace also showcases vital initiatives like The Incubator Program, launched in 2020, and which aims to elevate designers of color and Black-owned brands to foster greater allyship, equality and inclusivity within the fashion industry. Returning PROJECT brands participating in the program this August include NOMA, VertictStillOut and GOAT by James King. 'MAGIC Las Vegas goes beyond a traditional wholesale fashion event, it's where tangible industry business happens,' says Jordan Rudow, Vice President of MAGIC and OFFPRICE, Informa Markets. 'Retailers discover tomorrow's trends while brands secure vital partnerships that drive growth. The ROI is clear: buyers leave with collections that excite consumers, and brands establish distribution channels in just three days that would typically take months to develop. In today's evolving fashion landscape, we provide a comprehensive platform that accelerates business growth across the industry.' MAGIC MAGIC is home to comprehensive collections spanning trend, young contemporary, modern sportswear and contemporary women's fashion across affordable to moderate price points. Top exhibiting brands include 7 for All Mankind, Wit & Wisdom, Casemate, Flag & Anthem, Havaianas, Happy Caps, Formless Beauty and Gemelli. This year's edition highlights exciting event features, including the MAGIC runway show, presenting the season's most innovative looks in a dynamic live presentation showcasing top exhibiting designers. Additional event offerings and fashion-forward activities include happy hours, educational sessions, hosted-buyer programs and much more. Confirmed retailers are set to attend and browse the latest collections including ASOS, Hemline, Bloomingdales, Urban Outfitters UK, Dillard's, Stitch Fix, Boot Barn and Isalis, among others. PROJECT PROJECT Las Vegas offers an expertly curated presentation of contemporary men's apparel, footwear and accessories. Leading brands will showcase their collections, representing a comprehensive spectrum of men's sportswear, denim, basics, streetwear, activewear, tailored clothing and everything in between. Top retailers set to attend include Buckle, Macy's, Nordstrom, Snipes, Tillys, Zumiez, The Athlete's Foot and much more. Recognizing golf and sports apparel as significant emerging trends in menswear, PROJECT hosts a Sunday Golf Tournament on Aug. 17 to kick off the event week with networking on the green before the show floor opens. In addition, Gwop Meet, presented by GOLF STORE, will be featured on the show floor, showcasing forward-thinking golf brands and a pop-up style shop. 'PROJECT Las Vegas has evolved into the premier showcase where modern menswear comes to life through thoughtful curation and innovative brand stories. We've created an environment where buyers can discover everything from emerging streetwear to refined casual collections all under one roof,' says Edwina Kulego, Vice President of Events, International, SOURCING and Men's. 'Alongside this, SOURCING at MAGIC has established itself as the essential destination where international production expertise meets creative vision. Together, these platforms deliver the comprehensive market experience that today's fashion professionals demand.' SOURCING at MAGIC SOURCING at MAGIC stands as the definitive foundation where fashion begins, providing a powerful platform connecting manufacturers, suppliers, brands and retail buyers from around the world, uniting a global audience under one roof, all seeking solutions to supply chain needs and product discovery. To Register: Registration is now open for MAGIC, PROJECT and SOURCING at MAGIC Las Vegas. Attendees can access exclusive deals and special accommodation rates on Las Vegas hotels through the official hotel provider OnPeak. Complimentary shuttles to OFFPRICE Las Vegas at the Venetian Expo will also be available all three show days, providing convenient transportation between venues for attendees looking to maximize their market week experience. For more information on how to register please visit and About Informa Markets Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. With a global reach and diverse portfolio of verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure, Informa Markets connects buyers and sellers worldwide through face-to-face exhibitions, targeted digital services and actionable data solutions. For more information, visit Media Contact [email protected] SOURCE: INFORMA MARKETS - FASHION press release
