Hasbro's 2026 Outlook Hinges on Magic Growth and Margin Risks

Earnings

โดย Zacks Investment Research·Read original

Summary · why it matters

Hasbro has returned to revenue growth, but the quality of that growth remains uneven and its 2026 setup is closely tied to the Wizards of the Coast and Digital Gaming segment. The company reported second-quarter fiscal 2026 revenues of $1.14 billion, up 16% year over year, and raised its full-year constant-currency revenue growth outlook to 5-7% from a prior view of 3-5%. Wizards and Digital Gaming segment revenues rose 27% to $664 million, with Magic: The Gathering revenues increasing 32%, though a $56-million impairment on canceled digital game projects highlighted execution risk. Consumer Products revenues rose 5% to $463 million, but the segment posted an adjusted operating loss of $8 million due to tariff expenses, mix shifts, and seasonality. Hasbro currently carries a Zacks Rank #3 (Hold) with a VGM Score of B.

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