Hasbro Inc. (NASDAQ: HAS) raised its 2026 outlook after third-quarter revenue rose 15%. Its October 20 results put Magic: The Gathering sales above $600 million for the first time in a quarter.
Wizards and Digital Gaming revenue increased 31%. Adjusted earnings were $2.90 a share, versus reported EPS of $2.77; results included approximately $55 million in tariff refunds.
The company now forecasts constant-currency revenue growth of 7%–9%, up from 5%–7%. Its adjusted operating-margin target rises to 27%–28% from 25%–26%.
Hasbro also doubled its annual share-repurchase target. It returned $206 million through dividends and buybacks during the quarter; the higher target concerns future purchases.
The report adds to an earnings season where profit and sales surprises have diverged, as we previously reported. The revised outlook remains a forecast, rather than completed growth.
