Hasbro Stock Surges as Toymaker Posts Higher-than-Estimated Results, New Strategy | Global News Avenue

Hasbro (haveStocks rose more than 11% after Toymaker released a much larger-than-expected result and unveiled a new strategy to boost revenues each year in 2027.

Behind the company “Dungeon and Dragon” Fourth-quarter revenue for Fantasy Games and Transformers’ Action Numbers fell 15% year-on-year to $1.1 billion and adjusted Earnings per share (EPS) 46 cents. Both are consensus estimates of visible α.

Hasbro also expects revenue to rise “slightly” and adjust in 2025 EBITDA The range is $1.1 billion to $1.15 billion. It said the outlook “includes the expected impact of U.S. tariffs on Chinese imports and potential tariffs on imports from Mexico and Canada on February 1, 2025, but does not include new tariff lawsuits after that date.

Earlier this month, U.S. President Donald Trump announced 25% tariffs on U.S. imports Mexico and Canadaand 10% increase Chinese products. Tariffs in Mexico and Canada have been suspended for a month, but Chinese tariffs have come into effect.

Hasbro’s new strategy calls for revenue growth by 2027

On Thursday, they are Toymaker, just like competitor Mattel (pad)Manufactured a lot of goods In China – A longer-term strategy is also predicted. It announced a new strategy to generate average revenue growth in mid-digits in 2027. In a report last week, JPMorgan said about 50% of Hasbro’s revenue comes from China.

“Our new strategy is based on key insights that will enable Hasbro to grow into a modern gaming company: serving fans of all ages around the world at every price point and meeting fans who are playing with them, Becoming more online,” CEO (CEO) Chris Cocks said.

Hasbro’s stock has grown by more than 30% over the past 12 months.