Revenue: $1 billion, up 13% year-over-year.Adjusted Operating Profit: $287 million, increased 29%.Adjusted Operating Margin: 28.7%, up 360 basis points.Adjuste

Hasbro, Inc. (HAS) Q1 2026 Earnings Call Transcript

Shares of Hasbro fell sharply on Wednesday even after the toy and gaming company reported stronger-than-expected first-quarter earnings and revenue, as investors focused on the company's decision to maintain rather than raise its full-year outlook. Hasbro stock dropped roughly 8.32% to $89.09, making it the worst-performing stock in the S&P 500 during the session.

HAS beats Q1 EPS and revenue estimates as MAGIC: THE GATHERING and Monopoly Go! fuel Wizards' growth despite weaker Entertainment.

Hasbro is upgraded to 'Buy' after a recent pullback, with shares offering a compelling entry point near a 5.5% free cash flow yield. Strong MAGIC franchise growth and a favorable film slate are expected to drive revenue acceleration and offset macro headwinds in consumer products. Q1 results showed 13% revenue growth, 360bps margin expansion, and robust free cash flow, despite conservative full-year guidance.

Hasbro CEO Chris Cocks addresses investor concerns regarding the company's exposure to petroleum-intensive products, clarifying that such exposure is relatively light. He emphasizes that the majority of Hasbro's business and growth comes from games as well as licensing and digital products.

Hasbro CEO Chris Cocks addresses investor concerns regarding the company's exposure to petroleum-intensive products, clarifying that such exposure is relatively light. He emphasizes that the majority of Hasbro's business and growth comes from games as well as licensing and digital products.

The headline numbers for Hasbro (HAS) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hasbro NASDAQ: HAS reported a stronger start to 2026, with first-quarter revenue rising 13% year over year to $1 billion, driven primarily by momentum at Wizards of the Coast and continued strength in the company's Magic: The Gathering franchise.

Hasbro (HAS) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.04 per share a year ago.