BUZZ-Hasbro up after sharing new cost-savings plan, Q4 results beat

Shares of toymaker Hasbro HAS.O up 1.4% at $62.00 premarket

HAS shares new operational plan targeting savings of $1 billion, as well as 50-100 bps of annual operating profit margin through 2027

Co also tops fourth-quarter profit and revenue estimates, helped by robust demand in its consumer products segment during the holiday period

Q4 profit of 46 cents tops estimates of 34 cents - LSEG

Q4 revenue of $1.10 bln for quarter ended December 29 beats expectations of $1.03 bln

Still, co forecasts 2025 revenue below estimates; says forecast includes impact of U.S. tariffs on imports from China and potential levies on Mexico and Canada announced as of February 1

in 2024, stock rose 9.5%