Hasbro up after raising annual sales, profit forecasts

Hasbro

21/07/2026 15:18

Updates
** Shares of Play-Doh maker Hasbro HAS.O up as much as 14.05%% at $93.05

    ** Stock set for its best day since April 2025, if gains hold
  
* Co raises annual revenue and profit forecasts on resilient demand for digital gaming business and continued strength in "Magic: The Gathering"
** Now expects 2026 revenue to rise between 5% to 7%, up from previous expectation of 3% to 5% 
** Also sees annual adjusted EBITDA between $1.45 billion to $1.50 billion vs previous expectation of $1.40 billion to $1.45 billion
** Posts Q2 revenue rise 16% to $1.14 billion; analysts on an average expected $1.07 billion - data compiled by LSEG
** As of last close, stock down 0.5% YTD
     

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))