Hasbro Q1 EPS Soars to $1.47 as Revenue Hits $1B, Operating Profit Up 29%
Hasbro’s adjusted Q1 EPS was $1.47 versus a $0.99 estimate, with revenue up 13% to $1 billion and operating profit climbing 29% to $287 million. Wizards and Digital Gaming rose 26% while Entertainment fell 24%; the company cut $96m debt, issued $400m notes and kept full-year guidance at 3–5%.
1. Strong First-Quarter Financial Results
Hasbro posted adjusted first-quarter EPS of $1.47, exceeding the $0.99 estimate, and delivered $1 billion in revenue, a 13% increase year-on-year, while adjusted operating profit rose 29% to $287 million.
2. Segment Performance
The Wizards of the Coast and Digital Gaming segment led growth with 26% revenue expansion, Consumer Products remained flat, and Entertainment revenue declined 24% due to lower content performance.
3. Debt Reduction and Note Issuance
During the quarter Hasbro deployed $96 million to reduce debt and issued $400 million of new notes to fully repay November 2026 maturities and repurchase higher-rate securities.
4. Full-Year Guidance Affirmed
Management reaffirmed full-year targets of 3–5% revenue growth in constant currency, an adjusted operating margin of 24–25%, and adjusted EBITDA between $1.40 billion and $1.45 billion.