Research Alert: Hasbro Announces Preliminary Q1 Above Expectations Despite Cyber Incident
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Hasbro announced preliminary Q1 2026 results with revenue of $970M-$985M (+9%-11% Y/Y) and adjusted operating profit of $250M-$260M (+12%-17% Y/Y), both well-above consensus estimates due to Wizards of the Coast and Digital Gaming strength. The company contained a cybersecurity incident during the quarter without impacting Q1 results, though it delayed financial statement completion and 10-Q filing. Management maintained full-year 2026 guidance despite operational disruption, expecting 3%-5% revenue growth, 24%-25% adjusted operating margin, and $1.40B-$1.45B adjusted EBITDA. Magic: The Gathering operations remained unaffected with April's Secrets of Strixhaven release on schedule, while Consumer Products may see Q2 impact from processing delays but recovery expected in 2H. The significant operating leverage with profit growth of 38%-44% on revenue growth of 9%-11% demonstrates continued strength in higher-margin business mix and operational resilience.