Q2 2026 Hasbro Inc Earnings Call Transcript
Key Points
- Hasbro Inc (HAS) reported a 15% growth in revenue for the first half of 2026, with profits increasing significantly.
- The Wizards segment, particularly Magic: The Gathering, showed strong performance with a 32% increase in Q2 and a 34% increase in the first half.
- Consumer Products revenue grew by 5% in the quarter, marking the third consecutive quarter of growth.
- The company announced a multi-year licensing agreement with Nintendo for The Legend of Zelda franchise, expected to launch in 2027.
- Hasbro Inc (HAS) is focusing on digital investment, with plans to reduce digital spend by 25% annually by 2028, indicating a strategic shift towards more efficient operations.
- The adjusted operating margin decreased by 40 basis points due to higher operating expenses and a non-cash impairment related to digital gaming efforts.
- The Entertainment segment revenue declined by 20% compared to the previous year.
- A $56 million non-cash write-down was recorded for digital games scheduled for release in 2028 and beyond.
- Adjusted earnings per diluted share decreased by 2% due to the write-off.
- The company faces headwinds from oil and trade policy, which could impact future performance.
Good morning and welcome to the Hasbro's second quarter 2026 earnings conference call.
(Operator Instructions)
At this time, I'd like to turn the call over to Fred Wightman, Vice President Hasbro Investor Relations, please go ahead.
Thank you, and good morning, everyone. Joining me today are Chris Cocks, Hasbro's Chief Executive Officer; and Gina Goetter, Hasbro's Chief Financial Officer and Chief Operating Officer.
We'll begin today's call with Chris and Gina providing commentary on the company's performance before taking your questions.
Our earnings release and presentation slides for today's call are posted on our investor website. The press release and presentation include information regarding non-GAAP adjustments and non-GAAP financial measures.
Our call today will discuss certain adjusted measures, which exclude these non-GAAP adjustments. A reconciliation of GAAP to non-GAAP measures is included in the press release and
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