Hasbro said in a financial update released on Thursdaythatdue to delays in order processing, shipping, and invoicing caused by a cyberattack in March, the company expects its second-quarter revenue and operating profit to be somewhat impacted.

The attack has now been contained, but it had causedsome systems to be taken offline. Hasbro stated that it is advancing the full restoration of systems and operations and has hired forensic experts to identify and review files affected by the attack.

The company said that most of the shortfall caused by delays in the second quarter is expected to be made up in the second half of the year. Hasbro, known for brands such as Play-Doh and Transformers, is one of the largest toy manufacturers in the United States.

The Rhode Island-based company also expects to incur certain costs related to investigating the cyberattack and hiring consultants.

Through its business continuity plan, Hasbro said it is still processing orders and shipments and expects shipments of games such as Magic: The Gathering and "Secrets of Strixhaven" to proceed as planned.

According to the update (which has beenincluded in a regulatory filing with the U.S. Securities and Exchange Commission), Hasbro delayed the release of its first-quarter earnings report to continue reviewing the information needed to complete its financial results.

The company expects first-quarter revenue of $970 million to $985 million, up 9% to 11% from the same period last year; adjusted operating profit is expected to be between $250 million and $260 million, up 12% to 17% year over year.

For the full year, Hasbro expects revenue to grow 3% to 5% and reaffirmed its full-year 2026 guidance.

Analysts at Bank of America said in a research report that the update is positive for the company and raised their outlook on Hasbro, increasing first-quarter performance expectations and raising the target stock price to $113 per share.