Hasbro IncHAS
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Q2 beat and raised FY2026 outlook
Impact on stocks 1
Consumer Discretionary
Hasbro IncHasbro Raises Fiscal 2026 Outlook After Q2 Beat
Earnings
Hasbro reported second-quarter fiscal 2026 results that beat estimates and raised its full-year outlook. Adjusted earnings per share came in at $1.28, down 1.5% year over year but above the consensus of $1.17, while net revenues rose 16.2% to $1.14 billion, topping the $1.05 billion estimate. Wizards of the Coast and Digital Gaming revenues increased 27% to $663.8 million, driven by Magic: The Gathering, and Consumer Products revenues grew 5% to $463 million despite disruption from unauthorized network access. Management now expects fiscal 2026 revenues to increase 5-7% in constant currency, up from prior guidance of 3-5% growth, and adjusted EBITDA between $1.45 billion and $1.50 billion. Shares have added about 4.8% since the last earnings report, outperforming the S&P 500.
Hasbro IncQ2 beat and raised FY2026 outlook