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Hasbro boosts its 2026 sales forecast and plans to buy back twice as many shares after record Magic: the Gathering sales.

ResultsRead the original at Benzinga
Good for HAS

Hasbro beat estimates, raised its forecasts, and reported record Magic sales. Its new sales forecast range includes the analyst estimate, but stronger profit forecasts and growth across its businesses support a better outlook.

HAS · Hasbro Inc.

AI read · Good for HAS

The AI's read

This points to more than a single strong product: Wizards and Digital Gaming grew fastest, and Consumer Products and Entertainment also gained. Higher operating profit and a wider profit margin show more sales translated into better results. The new sales forecast range includes the analyst estimate, so it does not clearly exceed it. Higher profit forecasts, record Magic sales, and debt repayment still make the overall update favorable.

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