09:02 AM EST, 02/20/2025 (MT Newswires) -- Hasbro ( HAS ) said Thursday it expects mid-single-digit revenue growth through 2027 and annual operating profit margin improvement through implementing its "Playing to Win" strategy.

The toy company said it plans to expand franchises, increase appeal for fans aged 13 and above across its brands, and build video games, services, and e-commerce capabilities.

The company said it will also generate $1 billion in gross cost savings, with about half of that amount contributing to its bottom line.

Hasbro ( HAS ) shares were more than 3% higher in recent premarket trading.