Hasbro's Robust Q4 Performance and Strategic Harry Potter Alliance Drive Market Optimism
Hasbro exceeded Q4 earnings expectations with adjusted EPS of $1.51 and sales of $1.446 billion, surpassing analyst estimates. The company's revenue surged by 31% year-over-year, largely due to an 86% increase in Wizards and Digital Gaming. Hasbro also announced a new $1 billion share repurchase program and a multi-year licensing deal with Warner Bros. Discovery for the Harry Potter franchise, signaling strong future growth and investor confidence.