Hasbro’s stock surged after the company reported better-than-expected first-quarter results. The toy maker posted adjusted earnings per share (EPS) of $1.04 and revenue jumped 17% to $887.1 million, beating analysts’ estimates. CEO Chris Cocks attributed this success to the company’s new “Playing to Win” strategy, which aims to drive consistent revenue growth through 2027.
Despite a challenging environment due to uncertainty over tariffs, Hasbro maintains its full-year outlook, sticking to its previous forecast of slight revenue growth in 2025. The company also extended its licensing deal with Disney, allowing it to continue producing toys and games tied to Marvel and Star Wars franchises.
Hasbro’s shares rose 13% on Thursday and have added around 7% since the start of 2025. The extension of its Disney deal is a positive development for the toy maker, which has seen its stock performance improve amid strong Q1 results.
Source: https://finance.yahoo.com/news/hasbro-stock-jumps-strong-earnings-135457417.html