Hasbro Stock Earnings Reports

Hasbro reported a strong Q1 2026 with consolidated revenue of $1.0B, up 13% year-over-year, driven primarily by Wizards of the Coast (Wizards) which grew 26% to $582M. Adjusted operating profit rose 29% to $287M and adjusted EPS was $1.47, up 41%, reflecting favorable mix and cost savings. Magic (MTG) showed exceptional momentum—record backlist performance, Lorwyn Eclipsed and subsequent sets breaking sales records, strong organized play and MagicCon attendance, plus a new Marvel integration for Magic Arena. Consumer Products was roughly flat at $398M with POS momentum and share gains in “gem squared” categories, though licensing lapped a strong prior year. Entertainment delivered modest revenue with healthy margins. Management maintained full-year guidance (consolidated revenue growth of 3–5% CC; adjusted operating margin 24–25%; adjusted EBITDA $1.4–1.45B) while noting headwinds: a late-March cyber incident (embedded in guidance) expected to cause ~$20M of one-time remediation expense and $40–60M of Consumer Products revenue shifting from Q2 into the back half, elevated oil-related input costs (~$30M sensitivity if oil stays near $100/bbl), and higher royalty costs tied to Wizards growth and upcoming digital game investments. Cost transformation is on track ($37M gross savings in Q1 toward a $150M full-year target). Cash generation was strong ($338M operating cash flow), $50M of strategic investments, $99M returned via dividend, new $400M notes issued to refinance nearer-term maturities, and share repurchases initiated. Key catalysts: upcoming theatrical tentpoles (The Mandalorian/Grogu, Toy Story 5, Spider-Man, Avengers Doomsday), Magic slate (including Marvel Super Heroes), and 2027 digital game launches (EXODUS and Warlock). Management emphasizes execution, capital allocation priorities (growth investments—Wizards, digital gaming, licensing—debt paydown, dividend/share buybacks), and confidence in delivering full-year targets despite macro and cyber-related timing effects.