BUZZ - Driven by strong demand for digital gaming, Hasbro's stock rises after raising its annual performance forecast
路透社2026/10/20 14:01Latest Updates
October 20 - ** Play-Doh manufacturer Hasbro (HAS.O) saw its share price climb as much as 9.3%, reaching a near seven-year high of $107.71
** The company raised (link) its annual performance outlook, expecting revenue growth in its "Wizards of the Coast" and digital games business due to strong demand for Magic: The Gathering, which will drive growth ahead of the key holiday season
** For fiscal year 2026, revenue growth at constant exchange rates is expected to be between 7% and 9%, previously forecasted at 5% to 7%
** Annual adjusted core profit is forecast to reach $1.58 billion to $1.63 billion, previously expected at $1.45 billion to $1.50 billion
** The company expects annual revenue growth in its "Wizards of the Coast" and digital games business to be between 16% and 18%, previously projected in the low double digits
** Hasbro doubled its stock buyback target, and both quarterly revenue and adjusted earnings per share surpassed market expectations
** Peer Mattel (MAT.O) also saw its share price rise by about 2%
** As of the previous trading day's close, HAS has risen nearly 20% since the start of the year
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