Hasbro Raises Full-Year Outlook as Magic Sales Top $600M, Doubles Buyback
HAS sits 50% above its 52-week low of $69.5 on elevated volume (2.4× avg).
Summary
Hasbro raised full-year revenue guidance to 7%-9% constant-currency growth from 5%-7%, and lifted adjusted EBITDA to $1.58B-$1.63B from $1.45B-$1.5B. Magic: The Gathering sales topped $600M in the quarter, up 34% year over year and a fresh record, with management saying it expects Magic to grow again in 2027 on six tentpole releases and added production capacity. Q3 revenue rose 15% to $1.6B versus the $1.48B FactSet consensus, and adjusted EPS of $2.90 crushed the $1.86 expected. The company also doubled its 2026 share-repurchase target to $400M. Shares rose 6.3% to $104.67, extending a 26% year-to-date rally and pressing against the 52-week high; watch holiday sell-through and shipping costs from higher oil, partly offset by tariff refunds.
At the time of this announcement, HAS was trading at $104.15 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $14.7B. The 52-week trading range was $69.50 to $108.30. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.