Hasbro (HAS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.98

Last Year’s EPS

1.04

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 8 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 10, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented materially positive operational and financial momentum — strong top-line growth, record adjusted operating profit and margin expansion, breakout performance at Wizards/Magic, meaningful cost savings, strengthened cash flow and capital return actions, and expanded partnerships and digital traction. Near-term headwinds include tariffs, rising royalties, incremental investment for self-published games (impacting margins), an EPS headwind from higher interest and FX/tax items, and a full-year decline in Consumer Products that is expected to reverse into growth. On balance the company’s achievements, guidance and capital actions outweigh the manageable near-term challenges.

Company Guidance

Hasbro guided 2026 consolidated revenue to grow 3–5% on a constant‑currency basis, with full‑year operating margins of 24–25% and adjusted EBITDA of $1.40–1.45 billion; segment guidance calls for Wizards to deliver mid‑single‑digit revenue growth with operating margins in the low‑40% range, Consumer Products to grow low‑single digits with operating profit margins of 6–8%, and Entertainment to be slightly positive with ~50% margins. The outlook assumes roughly $150 million of gross cost savings in 2026 (part of a multi‑year $1 billion transformation commitment), stronger H1 revenue but H1 margin pressure from higher royalty expense and tariff timing, margin expansion in H2 from mix and supply‑chain productivity, and tariffs modeled at about $60 million (vs. ~$40 million in 2025). Below‑the‑line items include higher interest expense from planned refinancing and ~ $40 million of year‑over‑year EPS headwind from lower non‑operating income/FX and the absence of a prior Swiss tax benefit; capital priorities remain investing behind Wizards and digital gaming, debt paydown (gross leverage finished 2025 at 2.3x), maintaining the dividend (Q1 dividend authorized), and a restarted $1 billion share‑repurchase authorization.

Record Revenue and Profit Growth

Q4 net revenue of $1.5B, up 31% year-over-year; Q4 adjusted operating profit of $315M, up 180% YoY with a 21.8% Q4 operating margin; Full year net revenue of $4.7B, up 14% YoY; full year adjusted operating profit exceeded $1.1B, up 36% YoY; full year adjusted operating margin 24.2% (≈+400 bps YoY); full year adjusted EPS $5.54.

Wizards of the Coast Surge

Wizards Q4 revenue $630M, up 86% YoY (Magic up ~141% in Q4); Q4 operating profit $284M with a 45% operating margin; full year Wizards revenue $2.2B, up 45% YoY, with operating profit just over $1B and a ~46% margin; Magic full-year revenue growth ~60% and core KPIs strong (organized play >1M unique players, +22% YoY; Wizards Play Network >10,000 stores, +20% YoY).

Strong Product Momentum in Magic

Major set performance: Avatar the Last Airbender became the third-highest selling Magic set in history; Lorwyn Eclipse became the fastest selling Magic premier set ever; Secret Lair delivered its largest quarter ever and backlist sales hit a record, indicating robust evergreen demand.

Digital & Mobile Gaming Traction

MONOPOLY GO contributed ~$168M (steady revenue/profit stream) with an expected monthly revenue pool of ~$12–14M; self-published game trailers (Exodus & Warlock) have garnered >100M views across channels, supporting planned 2027 launches; digital licensing and mobile pipeline showing strong engagement.

Expanded Partnerships and Brand Reach

Large slate of new and renewed partnerships (primary toy license for HBO’s Harry Potter series, K-Pop Demon Hunters, Voltron, Streetfighter, HBO Baldur's Gate series, multiple Disney film tie-ins); Hasbro reports annual brand reach >1 billion people (revised up from 585M), reinforcing scale and partner appeal.

Material Cost Savings and Operational Productivity

Cost transformation delivered almost $800M of gross savings through 2025 toward a $1B target; over $175M of gross savings in targeted areas during 2025; expecting ~$150M of gross cost savings in 2026; supply chain productivity and product development improvements contributed materially to margin expansion.

Faster Product Development via AI and 3D Printing

AI-assisted design paired with 3D printing reduced concept-to-physical-prototype time by roughly 80%, enabling faster iteration and higher hit-rate innovation; enterprise AI workflows expected to free >1M hours of lower-value work in the coming year.

Strong Cash Flow and Capital Returns

Generated $893M operating cash flow in 2025; ended year with $777M cash on hand; returned $393M to shareholders via dividends; achieved gross leverage target of 2.3x; Board authorized a new $1B share repurchase program while continuing debt reduction and targeted reinvestment.

Consumer Products Q4 Recovery & Inventory Discipline

Consumer Products Q4 revenue $800M, up 7% YoY with improved adjusted operating profit ($54M) driven by better product mix and promotional discipline; owned inventory at a record low of 75 days, reducing working capital and inventory risk.

Hasbro (HAS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HAS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	0.98 / -	1.04	―	―	―
Feb 10, 2026	2025 (Q4)	0.95 / 1.51	0.46	228.26% (+1.05)
Oct 23, 2025	2025 (Q3)	1.63 / 1.68	1.73	-2.89% (-0.05)
Jul 23, 2025	2025 (Q2)	0.78 / 1.30	1.22	6.56% (+0.08)
Apr 24, 2025	2025 (Q1)	0.67 / 1.04	0.61	70.49% (+0.43)
Feb 20, 2025	2024 (Q4)	0.34 / 0.46	0.38	21.05% (+0.08)
Oct 24, 2024	2024 (Q3)	1.29 / 1.73	1.64	5.49% (+0.09)
Jul 25, 2024	2024 (Q2)	0.78 / 1.22	0.49	148.98% (+0.73)
Apr 24, 2024	2024 (Q1)	0.27 / 0.61	0.01	6000.00% (+0.60)
Feb 13, 2024	2023 (Q4)	0.63 / 0.38	1.31	-70.99% (-0.93)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HAS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 10, 2026	$96.10	$103.29	+7.48%
Oct 23, 2025	$73.96	$76.69	+3.70%
Jul 23, 2025	$75.66	$74.95	-0.94%
Apr 24, 2025	$50.87	$58.28	+14.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.