Hasbro (HAS)
NASDAQConsumer DiscretionaryLeisureSnapshot 2026-07-07
$76.73-1.60%
Close 2026-07-07 · 1-day change
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Track HAS free→Hasbro aims to grow revenue by 3%-5% in fiscal 2026. The company targets a strong operating margin of 24%-25%. EBITDA is expected near $1.4 billion to $1.45 billion. Recent earnings beats show improving execution despite guidance cuts.
Revenue growth is weak and guidance was cut recently. Legal issues around AI voice rights may hurt brand and sales. Operating margin progress is behind expectations. The stock is under pressure from multiple risks.
The market prices in about -2% revenue growth and reflects guidance cuts. Our fair value is about 7% above the current price but well below the Street median. We see risk in execution and legal issues not fully priced.
Breaks if: EBITDA falls below $1.35 billion in FY26
Aim to achieve adjusted EBITDA of $1.40 billion to $1.45 billion for the fiscal year.
Stated in 3 of last 3 quarters. Operating income rose from $212.1M in 2024-Q2 to $297.5M in 2025-Q4, indicating progress towards the EBITDA target. However, the trajectory is mixed, as prior EBITDA guidance was lower, suggesting limited progress.
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“Adjusted EBITDA of $1.40 billion to $1.45 billion expected for the fiscal year.”
“Adjusted EBITDA of $1.40 billion to $1.45 billion.”
“Adjusted EBITDA of $1.24 to $1.26 billion.”
Breaks if: Material legal penalties or sustained brand damage reported
Breaks if: Operating margin falls below 22% in FY26
Target an adjusted operating margin of 24%-25% for the fiscal year.
Stated in 3 of last 3 quarters. Operating income increased from $170.7M in 2025-Q1 to $297.5M in 2025-Q4, suggesting progress towards the 24%-25% margin target. However, the margin improvement trajectory remains behind expectations, as prior guidance was lower.
“Adjusted operating margin of 24%-25% expected for the fiscal year.”
“Adjusted operating margin of 24%-25%.”
“Adjusted operating margin of 22%-23%.”
Breaks if: YoY revenue growth falls below 3% in FY26
Aim to grow total Hasbro revenue by 3%-5% in constant currency for the fiscal year.
Stated in 3 of last 3 quarters. Revenue grew from $1.13B in 2025-Q2 to $1.64B in 2025-Q4, indicating progress towards the 3%-5% growth target. The trajectory shows mixed results, with substantial growth in Q4 but not consistently across all quarters.
“The Company continues to expect total Hasbro revenue up 3%-5% in constant currency.”
“For the full year, the Company expects: Total Hasbro revenue up 3%-5% in constant currency.”
“For the full year, the Company now expects: Total Hasbro revenue to grow high-single digits in constant currency.”