\nHasbro, Inc. (NASDAQ: HAS), a leading games, IP and toy company, today announced preliminary results for the first quarter ended March 29, 2026, with growth behind continued strength in MAGIC: THE GATHERING. The Company reiterated its full-year guidance. The Company plans to release full first quarter results before the market open on May 20, 2026.<\/p>\n
Preliminary Q1 2026 Expected Financial Results<\/b><\/p>\n
\nToday, the Company announced certain unaudited preliminary financial information for the first quarter ended March 29, 2026:<\/p>\n
- \n
- \nRevenue of approximately $970 million to $985 million (+9-11% vs LY)<\/p>\n<\/li>\n
- \nOperating profit of approximately $235 million to $245 million (+38-44% vs LY)<\/p>\n<\/li>\n
- \nAdjusted operating profit of approximately $250 million to $260 million (+12-17% vs LY)<\/p>\n<\/li>\n<\/ul>\n
Reiterates Full-Year 2026 Guidance<\/b><\/p>\n
\nFor the full year, the Company continues to expect:<\/p>\n
- \n
- \nTotal Hasbro revenue up +3-5% in constant currency<\/p>\n<\/li>\n
- \nAdjusted operating margin of 24-25%<\/p>\n<\/li>\n
- \nAdjusted EBITDA of $1.40 billion to $1.45 billion<\/p>\n<\/li>\n<\/ul>\n
Update on Previously Disclosed Unauthorized Network Access<\/b><\/p>\n
\nAs previously disclosed, Hasbro identified unauthorized access to the Company\u2019s network. Based on analysis with the assistance of outside cybersecurity experts and information to date, the Company believes that the unauthorized access has been contained and the Company is making progress in fully restoring its systems and operations.<\/p>\n
\nThis unauthorized access did not impact the Company\u2019s financial results for the first quarter. Due to the Company\u2019s implementation of containment measures, certain systems were proactively taken offline and are being brought online sequentially. As a result, Hasbro has experienced delays in compiling the information required to complete the preparation and release of its financial results for the first quarter of 2026, including the filing of its first quarter 10-Q.<\/p>\n
\nThe Company continues working with cybersecurity and forensic experts to identify and review any files potentially impacted. It will take additional actions as appropriate based on its review and findings, including providing any notifications deemed appropriate.<\/p>\n
\nThe Company continues to execute business continuity plans to enable it to take orders, ship product and conduct other key operations. Importantly, MAGIC: THE GATHERING shipments and its release cadence have continued as planned in the second quarter, including the April 2026 release of Secrets of Strixhaven<\/i>. For the Consumer Products segment, the Company is shipping product, but it does anticipate some impact to second quarter revenues and operating profit due to expected order processing, shipping and invoicing delays. Given continued strength in POS, the expectation is that the majority of any delayed shipping in the second quarter will be made up in the back-half of 2026. The second quarter is also expected to contain certain investigatory and other advisor costs related to the unauthorized access. Further updates will be provided on the upcoming first quarter earnings conference call.<\/p>\n
Conference Call & Webcast<\/b><\/p>\n
\nHasbro will webcast its first quarter 2026 earnings conference call on Wednesday, May 20, 2026 at 8:30 a.m. Eastern Time. The webcast and the accompanying presentation slides will be available to investors and the media on Hasbro\u2019s Investor Relations home page at https:\/\/investor.hasbro.com\/<\/a>. A replay of the call will be available at the same location approximately two hours following completion of the event.<\/p>\n
\n
\n \n Reconciliation of Non-GAAP Financial Measures<\/b><\/p>\n<\/td>\n
\n <\/tr>\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Adjusted Operating Profit<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Three Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n March 29, 2026<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Low<\/span><\/b><\/p>\n<\/td>\n
\n High<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Operating Profit1<\/sup> (Millions of Dollars)<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$235<\/p>\n<\/td>\n
\n \n$245<\/p>\n<\/td>\n<\/tr>\n
\n \n Non-GAAP Adjustments<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquired intangible amortization2<\/sup><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n10<\/p>\n<\/td>\n
\n \n10<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrategic transformation initiatives3<\/sup><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1<\/p>\n<\/td>\n
\n \n1<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestructuring & severance4<\/sup><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n5<\/p>\n<\/td>\n
\n \n5<\/p>\n<\/td>\n<\/tr>\n
\n \n Adjusted Operating Profit<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$250<\/p>\n<\/td>\n
\n \n$260<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n (1) <\/sup>Amounts may not sum due to rounding<\/p>\n<\/td>\n<\/tr>\n
\n \n (2) <\/sup>Represents intangible amortization costs related to the intangible assets acquired in the eOne acquisition.<\/p>\n<\/td>\n<\/tr>\n
\n \n (3) <\/sup>Strategic transformation initiatives costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to support the organization in identifying, realizing and capturing savings to create efficiencies and improve business processes and operations.<\/p>\n<\/td>\n<\/tr>\n
\n \n (4) <\/sup>Restructuring and severance costs associated with cost-savings initiatives across the Company.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Safe Harbor Statement<\/b><\/p>\n
\nStatements in this press release that are not historical facts, such as those identified by the use of words \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cfeel,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwould,\u201d and similar expressions, are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements address the Company\u2019s expectations or beliefs concerning future events, including the Company\u2019s investigation of and containment efforts related to the unauthorized access and its impact on the Company\u2019s financial condition and results of operations; the release of the Company\u2019s first quarter 2026 earnings; expectations for our future performance and 2026 financial guidance. These statements are made based on management\u2019s views and assumptions as of the date of this press release. Forward-looking statements by their nature address matters that are uncertain, and you are urged to view them with caution. A wide range of factors could materially affect future developments and performance, including but not limited to: the duration and magnitude of the Company’s operational disruption stemming from the unauthorized access; the effectiveness of the Company’s response to the unauthorized access and the business continuity plans and the ongoing assessment of the impact of the unauthorized access on its business, operations, financial results, and financial reporting; any further business disruptions from the unauthorized access and increased costs relating to the unauthorized access, including from any legal proceedings; and the accuracy of the Company’s estimates and assumptions on which its preliminary financial estimates and financial projections, including any sales, margin or earnings guidance or outlook it may provide from time to time, are based. Detailed information about these and other risks is included in the Company\u2019s Annual Report on Form 10-K for the year ended December 28, 2025, and its other reports filed with the SEC. Except as required by applicable law, we do not undertake any obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>\n
\nHAS-IR<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260423339122\/en\/<\/a><\/span><\/p>\n
\nInvestors: Fred Wightman | Hasbro, Inc. | hasbro_investor_relations@hasbro.com<\/a><\/p>\n
\nMedia: Abby Hodes | Hasbro, Inc. | communications@hasbro.com<\/a><\/p>\n
KEYWORDS:<\/b> Rhode Island United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Electronic Games Women Parenting Children Entertainment Toys Men Family Consumer Retail<\/p>\n
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