Hasbro Reports Q3 2026 Financial Results, Raises Full-Year Outlook

Hasbro, Inc. (NASDAQ: HAS) Form 8-K Summary - Q3 2026 Financial Results

Overview of Filing

On October 20, 2026, Hasbro, Inc. filed a Current Report on Form 8-K pursuant to Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), disclosing its earnings release for the third quarter ended September 27, 2026.

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Key Q3 2026 Financial Highlights

• Consolidated Revenue: Grew 15% year-over-year, marking the fourth consecutive quarter of double-digit revenue expansion.
• Operating Profit: Reported operating profit of $517 million; adjusted operating profit of $541 million (+52% YoY), benefiting from topline growth, favorable product mix, and cost productivity.
• Tariff Refunds: Results include approximately $55 million in tariff refunds.
• Diluted EPS: Reported net earnings were $2.77 per diluted share; adjusted net earnings were $2.90 per diluted share.
• Capital Returns & Debt Reduction:
  • Returned $206 million to shareholders via dividends and share buybacks.
  • Deployed $79 million toward open-market bond repurchases and U.S. Treasury purchases to pre-fund upcoming 2026 and 2027 bond maturities.
  • Declared a quarterly cash dividend of $0.70 per common share, payable December 2, 2026, to holders of record on November 18, 2026.

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Segment Performance

1. Wizards of the Coast and Digital Gaming:

   • Revenue: Rose 31% YoY, driven by Magic: The Gathering (+34%), which generated over $600 million in quarterly revenue for the first time.
   • Monopoly Go! contributed $41 million in revenue during the quarter.
   • Operating Profit: $367 million (+46% YoY) with a 49% operating margin (includes $7M tariff refund benefit).

2. Consumer Products:

   • Revenue: Up 4% YoY, driven by Marvel, KPop Demon Hunters, and Transformers, supported by movie releases including Spider-Man: Brand New Day.
   • Operating Profit: $174 million; adjusted operating profit of $178 million (+100% YoY), including a $48 million tariff refund benefit.

3. Entertainment:

   • Revenue: Increased 9% YoY, driven by Family Brands.
   • Operating Profit: $17 million; adjusted operating profit of $18 million (+63% YoY) from favorable licensing mix.

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Raised Full-Year 2026 Outlook

• Constant Currency Revenue Growth: Up 7% to 9% (raised from 5% to 7%).
• Adjusted Operating Margin: 27% to 28% (raised from 25% to 26%).
• Adjusted EBITDA: $1.575 billion to $1.625 billion (raised from $1.45B to $1.50B).
• Share Repurchases: Doubled the annual share repurchase target for FY 2026.