Hasbro ups full-year outlook due to trading card sales surge
Hasbro has raised its full-year forecasts after booming sales of Magic: The Gathering and continued demand for digital games boosted its second-quarter performance.
The company, which owns the likes of Monopoly and Play-Doh, now expects annual revenue to rise between 5 per cent and 7 per cent on a constant-currency basis, up from its previous forecast of between three per cent and five per cent.
Hasbro also increased its adjusted EBITDA forecast to between $1.45bn and $1.5bn, compared with its p
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