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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Arpiné Kocharyan | UBS | 13 (0%) |
| Megan Alexander | Morgan Stanley | 12 (8%) |
| Kylie Cohu | Jefferies | 12 (8%) |
| James Hardiman | Citigroup | 11 (18%) |
| Eric Handler | ROTH Capital Partners | 11 (9%) |
| Chris Horvers | JPMorgan | 10 (0%) |
| Stephen Laszczyk | Goldman Sachs | 10 (0%) |
| Alex Perry | Bank of America | 8 (0%) |
| Jaime Katz | Morningstar | 8 (0%) |
| Gerrick Johnson | Seaport Research Partners | 5 (40%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| UBS | 1 | 13 (0%) |
| Morgan Stanley | 1 | 12 (8%) |
| Jefferies | 1 | 12 (8%) |
| ROTH Capital Partners | 1 |
| 11 (9%) |
| Citigroup | 1 | 11 (18%) |
| Goldman Sachs | 1 | 10 (0%) |
| JPMorgan | 1 | 10 (0%) |
| Bank of America | 1 | 8 (0%) |
Hasbro delivered a strong Q1 2026 with revenue up 13% to $1 billion, driven by Wizards of the Coast where segment revenue surged 26% to $582 million on record Magic: The Gathering Premier set sales and a quarterly backlist record. Adjusted operating margins expanded 360 basis points to 28.7% as cost transformation delivered $37 million in savings, translating to adjusted EPS of $1.47, up 41% year-over-year. Consumer Products was essentially flat but showed positive POS trends through April with a strong entertainment slate ahead including Mandalorian & Grogu, Toy Story 5, and Avengers Doomsday. Management maintained full-year guidance despite absorbing a cyber incident that will delay $40-60 million of CP revenue from Q2 to the back half and roughly $30 million in oil-related input cost headwinds.
Demand | Margin | Revenue Growth | Trade Tariffs | Product Launch | Guidance Reliability | Supply Chain | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 8 | 2 | 1 | 2 | 2 | 2 | 3 |
| 2025Q1 | 6 | 1 | 3 | 8 | 3 | 3 | 6 | |
| 2025Q2 | 8 | 3 | 3 | 2 | 2 | 4 | 2 | 2 |
| 2025Q3 | 3 | 7 | 4 | 2 | 2 | 1 | 1 | |
| 2025Q4 | 5 | 3 | 5 | 2 | 4 | 3 | 3 | |
| 2026Q1 | 3 | 1 | 4 | 1 | 2 | 2 | 3 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 6 | 8 | 3 | 5 | 3 |
| Margin | 8 | 1 | 3 | 7 | 3 | 1 |
| Revenue Growth | 2 | 3 | 3 | 4 | 5 | 4 |
| Trade Tariffs | 1 | 8 | 2 | 2 | 2 | 1 |
| Product Launch | 2 | 3 | 2 | 2 | 4 | 2 |
| Guidance Reliability | 2 | 3 | 4 | 1 | 3 | 2 |
| Supply Chain | 2 | 6 | 2 | 3 | ||
| Competitive Dynamics | 3 | 2 | 1 | 3 | 3 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.10B | -14.5% | $-0.25 | +96.7% | 5.4% | -3.1% | $209M |
| FY2025 Q1 | $887M | +17.1% | $0.70 | +66.7% | 19.2% | 11.1% | $124M |
| FY2025 Q2 | $981M | -1.5% | $-6.10 | -716.2% | 22.8% | -87.3% | $55M |
| FY2025 Q3 | $1.39B | +8.3% | $1.64 | +3.1% | 24.6% | 16.8% | $261M |
| FY2025 Q4 | $1.45B | +31.3% | $1.41 | +664.0% | 22.3% | 13.9% | $390M |
| FY2026 Q1 | $1.00B | +12.7% | $1.39 | +98.6% | 27.0% | 19.9% | $316M |
| FY2026 Q2 | $1.14B | +16.2% | $1.12 | +118.4% | 22.2% | 14.1% | $248M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What HAS and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Target reported earnings earlier this morning as well. And on their call, they sounded pretty cautious on inventory buys.”
An analyst notes retail customer Target sounded cautious on inventory buys; Hasbro management counters that retailers with strong POS keep liberal open-to-buy orders.
“the new Netflix series which is going to be killer, probably one of the biggest animation events that certainly for fans that Netflix has helped to invest in”
A new Netflix-invested Magic animation series is expected to be a major event that could positively influence Hasbro's first-party Magic mix.
“The Scopely team is absolutely killing it. They've got a great game.”
MONOPOLY GO, developed by licensing partner Scopely, delivered $41M of revenue and remains a juggernaut contributing meaningfully to Hasbro's licensing income.
“And yesterday in partnership with The Walt Disney Company, we announced Magic Arena will feature full digital rights for the upcoming Marvel Super Heroes launch.”
Hasbro's partnership with Disney brings full digital Marvel rights to Magic Arena, extending the Magic ecosystem and monetizing Disney/Marvel IP.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HAS Hasbro | 8 | +12.8% | |
| CCL Carnival | 5 | +6.1% |