Reported about 10 hours ago
Hasbro has increased its annual revenue forecast, citing strong demand for 'Magic: The Gathering' games and ongoing cost-cutting measures. Though the company faces challenges from tariff uncertainties affecting its operations, a shift in consumer orders has led to a forecasted mid-single-digit revenue increase, outperforming previous estimates. Despite a 16% decline in consumer products sales, growth in digital segments, particularly 'Wizards of the Coast', shows promise. Hasbro’s net revenue surpassed expectations, indicating resilience amid economic pressures.
Source: YAHOO