Overview
- Hasbro reported first-quarter revenue of about $1.0 billion and adjusted EPS of $1.47, topping analyst estimates with Wizards of the Coast and Magic: The Gathering supplying the bulk of the upside.
- Wizards and Digital Gaming revenue rose roughly 26% and Magic card sales set new records, with physical and digital channels plus franchise tie-ins cited as the primary growth drivers.
- The company said an unauthorized network intrusion discovered in late March delayed its reporting, will likely push $40–$60 million of consumer-products revenue into the back half of 2026, and has led to ongoing remediation and insurance work.
- Hasbro recorded $8.3 million of U.S. import tariff costs for the quarter and is pursuing an estimated $50 million tariff refund that is not included in current guidance and has uncertain timing.
- Management reaffirmed full-year guidance for 3%–5% constant-currency sales growth and $1.40–$1.45 billion of adjusted EBITDA while continuing debt reduction, shareholder returns and preparations for a heavy back-half entertainment and product slate; the stock fell about 8% on the news.