During their 4th Quarter and 2024 Full Year Financial Call, Hasbro issued a Press Release outlining their future strategy.
Our summary:
Hasbro has unveiled its new strategic plan, “Playing to Win,” which will guide the company through 2027. The plan focuses on expanding its audience from 500 million to 750 million through play-fueled engagement and partnerships. Hasbro expects mid-single-digit revenue growth, operating profit margin improvements, and $1 billion in cost savings by 2027.
CEO Chris Cocks emphasized Hasbro’s strength in games and licensing, highlighting franchises like Magic: The Gathering, Monopoly, and Dungeons & Dragons. CFO Gina Goetter reinforced the company’s goal of becoming one of the most profitable toy and game companies globally.
Playing To Win’s key strategic pillars include:
1. Profitable Franchises: Asserting the fundamentals of profitable, play-focused brands.
2. Aging Up: Increasing the play and collectible appeal for fans aged 13 and above across Hasbro’s brands.
3. Everyone Plays: Expanding reach in opportunity areas including girls and emerging markets.
4. Digital & Direct: Building video games, services, and e-commerce capabilities.
5. Partner Scaled: Driving profitable reach through outstanding retail and licensing partnerships.
Hasbro is exiting non-core businesses like eOne film and TV while investing in digital gaming, collaborations, and brand expansion into areas like themed hotels, cruise ships, and quick-service restaurants.
Additionally, Hasbro is modernizing its operations, supply chain, and AI-driven advancements to fuel innovation while maintaining its commitment to community and environmental impact.
You can read the full press release, after the jump.