While Hasbro demonstrated strong performance in games and licensing, with standout growth in MAGIC: THE GATHERING and D&D, challenges remain in the Consumer Products and Entertainment segments, leading to a balanced outlook.

Company Guidance

During Hasbro's Q3 2024 earnings call, the company provided updated guidance reflecting a nuanced performance across its segments. The Consumer Products segment saw revenue decline by 10%, with a substantial portion attributed to reduced closeouts and softer sales in action figures, particularly Star Wars. Despite this, Hasbro reported its highest operating margin for the segment in three years at 15.1%, driven by a more profitable licensing mix and supply chain productivity. For Wizards of the Coast, while revenue declined by 5% due to the absence of last year's Baldur's Gate 3 launch, the segment's operating margin remained robust at 44.9%. Hasbro adjusted its full-year revenue outlook for Consumer Products, now anticipating a 12% to 14% decline, while maintaining an operating margin guidance of 4% to 6%. The guidance for Wizards was revised to reflect flat to a 1% decline in revenue, up from a prior forecast of down 1% to 3%. Overall, Hasbro expects its adjusted EBITDA to range between $975 million and $1.025 billion, with year-end cash levels projected to exceed those of 2023.

Strong Performance in Games and Licensing

Hasbro's games and licensing segments outperformed, expanding operating profit margin for the third consecutive quarter.

MAGIC: THE GATHERING Growth

MAGIC: THE GATHERING posted another quarter of growth, with standout releases and increased digital engagement.

D&D Sales Success

The updated D&D player’s handbook became the fastest selling product in D&D’s history, surpassing sales plans by over 50%.

Licensing Revenue from Monopoly Go!

Monopoly Go! generated approximately $10 million in licensing revenue per month, showing a steady revenue stream.

Improved Inventory Management

Hasbro achieved a significant reduction in inventory, down 40% year-over-year, contributing to gross margin benefits.

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Hasbro (HAS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HAS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 18, 2025	2024 (Q4)	0.33 / -	0.38	―	―	―
Oct 24, 2024	2024 (Q3)	1.29 / 1.73	1.64	5.49% (+0.09)
Jul 25, 2024	2024 (Q2)	0.78 / 1.22	0.49	148.98% (+0.73)
Apr 24, 2024	2024 (Q1)	0.27 / 0.61	0.01	6000.00% (+0.60)
Feb 13, 2024	2023 (Q4)	0.63 / 0.38	1.31	-70.99% (-0.93)
Oct 26, 2023	2023 (Q3)	1.72 / 1.64	1.42	15.49% (+0.22)
Aug 03, 2023	2023 (Q2)	0.56 / 0.49	1.15	-57.39% (-0.66)
Apr 27, 2023	2023 (Q1)	-0.01 / 0.01	0.57	-98.25% (-0.56)
Feb 16, 2023	2022 (Q4)	1.33 / 1.31	1.21	8.26% (+0.10)
Oct 18, 2022	2022 (Q3)	1.52 / 1.42	1.96	-27.55% (-0.54)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HAS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 24, 2024	$69.53	$65.35	-6.01%
Jul 25, 2024	$58.12	$60.18	+3.54%
Apr 24, 2024	$56.25	$62.92	+11.86%
Feb 13, 2024	$49.62	$48.96	-1.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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