Hasbro Shares Rise After Fourth-Quarter Earnings and Revenue Beat Expectations

Core Insights - Hasbro's shares increased over 2% in premarket trading following the release of fourth-quarter earnings and revenue that surpassed Wall Street expectations [1] - The company reported fourth-quarter earnings per share of $1.51, significantly higher than the analyst forecast of $0.95 [1] - Revenue for the fourth quarter rose 31% year over year to $1.45 billion, exceeding the consensus estimate of $1.26 billion [1] Financial Performance - Adjusted operating profit reached $315 million, an increase of $202 million from the previous year [2] - Adjusted operating margin improved to 21.8%, reflecting an increase of approximately 12 percentage points compared to the prior year [2] Future Guidance - For 2026, Hasbro anticipates total revenue growth between 3% and 5% on a constant-currency basis [2] - The company projects an adjusted operating margin of 24% to 25% and adjusted EBITDA of $1.40 billion to $1.45 billion for the full year [2] Capital Allocation - Hasbro plans to continue investing in its core businesses while returning capital to shareholders through dividends and share repurchases [3] - The board approved a new share repurchase authorization of up to $1.0 billion, replacing the previous program established in 2018 [3] - The company reiterated its commitment to further reduce debt as part of its priorities for 2026 [3]