Hasbro (HAS) Q2 2025 Earnings Call July 23, 2025 08:30 AM ET Speaker0Morning, and welcome to the Hasbro Second Quarter twenty twenty five Earnings Conference Call. At this time, all parties will be in listen only mode. Today's conference is being recorded. If you have any objections, you may disconnect at this time. At this time, I'd like to turn the call over to Fred Wightman, Vice President, Hasbro Investor Relations.Please go ahead.Speaker1Thank you, and good morning, everyone. Joining me today are Chris ...

Hasbro (HAS) came out with quarterly earnings of $1.3 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of +66.67%. A quarter ago, it was expected that this toy maker would post earnings of $0.67 per share when it actually produced earnings of $1.04, delivering a surprise of +55.22%. Over the last four quarters, the company has ...

Q2 2025 Earnings July 23, 2025 USE OF NON-GAAP FINANCIAL MEASURES Supplemental Financial Data The financial tables accompanying this presentation include non-GAAP financial measures as defined under SEC rules, specifically Adjusted operating profit. Adjusted operating margin. Adjusted net earnings and Adjusted net earnings per diluted share. which exclude, where applicable, acquired intangible amortization, strategic transformation initiatives, restructuring and severance costs, loss on disposal of business ...

For Immediate Release Pawtucket, R.I., July 23, 2025 -- Hasbro, Inc. (NASDAQ: HAS), a leading games, IP, and toy company, today reported financial results for the second quarter 2025. "Hasbro's return to growth in the first half of 2025 is clear validation that our Playing to Win strategy is working," said Chris Cocks, Chief Executive Officer, Hasbro, Inc. "We delivered record-setting results from MAGIC: THE GATHERING, alongside strong contributions from our games portfolio, licensing partnerships, and digi ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hasbro (HAS) , which belongs to the Zacks Toys - Games - Hobbies industry, could be a great candidate to consider.This toy maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 38.14%.For the last reported quarter, Hasbro ca ...

Key Takeaways Hasbro is expected to report Q2 earnings of $0.78 per share, suggesting 36.1% y/y decline. Revenues are forecast at $873M, with a 23.6% drop in Consumer Products dragging the overall performance. Tariff exposure, higher logistics costs and royalty fees are likely to have pressured HAS margins in Q2.Hasbro, Inc. (HAS) is scheduled to report second-quarter fiscal 2025 results on July 23, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus ...

Core Insights - Hasbro (HAS) is expected to report quarterly earnings of $0.76 per share, reflecting a 37.7% decline year-over-year, with revenues forecasted at $872.98 million, down 12.3% from the previous year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 1.1%, indicating analysts' reassessment of their initial forecasts [2] - Prior to earnings releases, revisions to earnings projections are crucial for predicting investor behavior, as studies show a strong correlation between earnings estimate trends and short-term stock performance [3] Revenue Forecasts - Analysts estimate 'External Net Revenues- Entertainment' at $19.18 million, a 2% increase year-over-year [5] - 'External Net Revenues- Consumer Products' is projected to be $413.93 million, reflecting a 21.1% decrease from the prior-year quarter [5] - 'External Net Revenues- Wizards of the Coast and Digital Gaming' is expected to reach $459.57 million, indicating a 1.7% increase year-over-year [6] - The consensus for 'Wizards of the Coast and Digital Gaming Net Revenues- Tabletop Gaming' stands at $337.95 million, showing a 9.9% increase from the previous year [6] - 'Wizards of the Coast and Digital Gaming Net Revenues- Digital and Licensed Gaming' is estimated at $124.14 million, a 14% decline from the prior-year quarter [7] Operating Profit - Analysts project 'Operating profit (loss)- Wizards of the Coast and Digital Gaming' to be $185.99 million, down from $247.10 million in the previous year [7] Stock Performance - Over the past month, Hasbro shares have increased by 13.6%, outperforming the Zacks S&P 500 composite, which rose by 5.4% [7] - Currently, Hasbro holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [7]

Group 1 - The U.S. government implemented tariffs on 23 countries, with rates ranging from 20% to 50%, significantly impacting global markets [2] - Canada was unexpectedly hit with a 35% tariff on automotive and lumber industries, marking it as the third country affected after China [2] - The tariffs are expected to lead to price increases for consumer products, including toys from Hasbro, which may face higher costs due to reliance on overseas production [3] Group 2 - The tariffs on Brazilian beef, which accounted for 20% of U.S. beef imports, will result in a 76% increase in import costs, affecting popular American food items [4] - The copper market reacted sharply, with traders rerouting shipments to avoid tariffs, leading to a significant price difference between New York and London markets [5] - The upcoming Consumer Price Index (CPI) report is anticipated to show a core inflation rate potentially rising to 3%, which could influence Federal Reserve actions regarding interest rates [7]

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Core Viewpoint - Hasbro warns that toy prices in the U.S. may rise later this year due to potential higher tariffs, with CEO Chris Cocks indicating that price increases could be seen by consumers between August and October [1][2] Group 1: Tariff Impact - The company has not yet raised prices due to tariffs but anticipates overall price increases in the toy industry [1] - Cocks emphasizes the need for flexibility in response to tariffs, stating that the company is focused on long-term strategies [1] - Approximately half of Hasbro's products are produced in the U.S., with the remainder manufactured abroad [1] Group 2: Domestic Manufacturing Challenges - Cocks acknowledges the challenges of increasing domestic production, citing high labor costs in the U.S. [2] - If toys are produced in the U.S., labor costs could account for 80% to 90% of total costs, potentially raising the price of a $10 toy to $18 to maintain profit margins [2] - The company is exploring opportunities for domestic production, such as Play-Doh, which could be made in the U.S. [2] Group 3: Financial Performance and Strategy - Hasbro's gaming division is performing well, reducing reliance on overseas manufacturing [3] - The company's licensing business has grown by 60% over the past three years, contributing significantly to its profitability [3] - Cocks points out that foreign suppliers have low profit margins of about 2% to 3%, making it difficult for them to absorb the 10% tariff costs [3]