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Why Hasbro Stock Surged This Week
Hasbro shares closed Friday at one hundred seventeen dollars and forty-four cents, a weekly gain of eighteen point nine percent, while the broader S&P 500 fell half a percent. The surge followed third-quarter revenue of one point six billion dollars, up fifteen percent from a year earlier and well above Wall Street forecasts. Adjusted earnings per share reached two dollars ninety cents, far ahead of the one dollar eighty-six cents analysts expected. The tabletop card franchise Magic The Gathering powered the quarter, with revenue up thirty-four percent to exceed six hundred million dollars for the first time. Strong cash flow led management to double its annual share repurchase target from two hundred million to four hundred million dollars. Hasbro also raised its full-year constant-currency revenue growth outlook to between seven and nine percent. Investors now turn to the holiday shopping season and two major digital game launches planned for 2027.
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Why Hasbro Stock Surged This Week
Hasbro shares closed Friday at one hundred seventeen dollars and forty-four cents, a weekly gain of eighteen point nine percent, while the broader S&P 500 fell half a percent. The surge followed third-quarter revenue of one point six billion dollars, up fifteen percent from a year earlier and well above Wall Street forecasts. Adjusted earnings per share reached two dollars ninety cents, far ahead of the one dollar eighty-six cents analysts expected. The tabletop card franchise Magic The Gathering powered the quarter, with revenue up thirty-four percent to exceed six hundred million dollars for the first time. Strong cash flow led management to double its annual share repurchase target from two hundred million to four hundred million dollars. Hasbro also raised its full-year constant-currency revenue growth outlook to between seven and nine percent. Investors now turn to the holiday shopping season and two major digital game launches planned for 2027.