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Hasbro, Inc. is a global company engaged in the development, marketing, licensing, and sale of toys, games, and entertainment content . The company operates through four main segments, focusing on consumer products, digital gaming, and entertainment . Hasbro sells a wide range of products, including toys, games, and entertainment content, with significant contributions from its Consumer Products and Wizards of the Coast and Digital Gaming segments .
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Consumer Products - Sources, markets, and sells toy and game products worldwide, significantly contributing to the company's revenue. Includes out-licensing of trademarks and intellectual property rights for branded consumer products like toys and apparel .
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Wizards of the Coast and Digital Gaming - Focuses on trading card, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast properties. Notable brands include MAGIC: THE GATHERING and DUNGEONS & DRAGONS, with MAGIC: THE GATHERING being particularly profitable .
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Entertainment - Develops and produces Hasbro-branded entertainment content, including film, television, and digital content. Involves licensing intellectual property for use in various entertainment formats .
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Corporate and Other - Provides management and administrative services to the company's principal segments and includes unallocated corporate expenses .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christian P. Cocks Executive | Chief Executive Officer | None | CEO since February 2022; previously President of Wizards of the Coast; doubled Wizards' revenue to $1B in under five years. | View Report → |
Gina Goetter Executive | Chief Financial Officer | Board Member at LiveWire Group, Inc. and S.C. Johnson & Son Inc. | CFO since May 2023; previously CFO at Harley-Davidson and Tyson Foods; extensive experience in financial leadership. | |
Matthew Austin Executive | Chief Revenue Officer | None | Chief Revenue Officer since 2023; previously Chief Commercial Officer and President of Europe Sales and Marketing at Hasbro. | |
Najuma Atkinson Executive | Chief People Officer | None | Chief People Officer since May 2022; previously SVP of Global HR Services at Dell Technologies. | |
Tarrant Sibley Executive | Chief Legal Officer and Corporate Secretary | None | Chief Legal Officer since 2019; joined Hasbro in 2010 as SVP and Deputy General Counsel. | |
Tim Kilpin Executive | President, Toys, Licensing & Entertainment | None | Joined in April 2023; previously CEO of PlayMonster and held leadership roles at Activision Blizzard, Mattel, and Disney. | |
Blake J. Jorgensen Board | Director | None | Director since 2022; former CFO of PayPal, EA, and Levi Strauss; extensive financial leadership experience. | |
Darin S. Harris Board | Director | CEO of Jack in the Box Inc. | Director since March 2024; extensive experience in franchising, brand strategy, and business development; current CEO of Jack in the Box. | |
Elizabeth Hamren Board | Director | Board Member at LegalZoom.com, Inc. | Director since 2022; CEO of Ring, Inc.; former COO of Discord and VP at Microsoft overseeing Xbox consumer products. | |
Frank D. Gibeau Board | Director | Board Member at Yeti Holdings Inc. | Director since March 2024; President of Zynga; former EVP at EA; expertise in digital gaming and corporate strategy. | |
Hope F. Cochran Board | Director | Managing Director at Madrona Venture Group; Board Member at MongoDB and New Relic | Director since 2016; former CFO of King Digital Entertainment and Clearwire; expertise in finance and digital gaming. | |
Laurel J. Richie Board | Director | Board Member at Bright Horizons Family Solutions Inc. and Synchrony Financial | Director since 2020; former President of the WNBA and Chief Marketing Officer of Girl Scouts of the USA. | |
Lisa Gersh Board | Director | Nominating and Governance Committee Chair at MoneyLion Inc. | Director since 2010; extensive experience in media and branded products; former CEO of Alexander Wang and Goop. | |
Mary Beth West Board | Director | Board Member at Albertsons Companies and Lowe’s Companies Inc. | Director since 2016; former Chief Growth Officer at Hershey and Chief Marketing Officer at Kraft Foods; extensive experience in marketing and brand strategy. | |
Owen Mahoney Board | Director | Board Member at Nexon Co. Ltd. | Director since March 2024; former CEO of Nexon Co. Ltd.; extensive experience in digital gaming and global operations. | |
Richard S. Stoddart Board | Chair of the Board | None | Chair since February 2022; previously interim CEO of Hasbro and former CEO of InnerWorkings, Inc.. |
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You mentioned that half of the Q4 revenue call-down in Consumer Products is due to closeout volume reductions, and another 30%-40% is associated with Entertainment-backed brands like Star Wars. Could you elaborate on how these factors will impact your ability to achieve growth in the Consumer Products segment moving forward, especially considering the reliance on licensed brands?
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Given the significant decline in discounted toy volume, down 70% year-to-date, how do you plan to offset this decrease with "good" toy volume, and what strategies are in place to drive flat to up sales in nondiscounted products during the holiday season?
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With MAGIC: The Gathering outperforming expectations in the first three quarters but facing a decline in Q4 due to set timing and the absence of a holiday set like last year's Lord of the Rings release, how confident are you in MAGIC's ability to return to growth in 2025, and what initiatives are planned to sustain its momentum?
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You indicated that supply chain savings accounted for 60% of your cost reductions this year, shifting to a 50-50 split between supply chain and managed expenses next year. Can you provide more specifics on where these additional supply chain efficiencies will come from, and how realistic is it to expect continued significant savings from these areas?
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As you transition to a leaner inventory structure, you mentioned experiencing "growing pains" and execution issues that affected revenues. What are the specific challenges you're facing in inventory management, and how are you addressing them to prevent similar impacts on future quarters?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
D&D Beyond | 2022 | Completed acquisition on May 19, 2022. Hasbro executed an all-cash deal for $146.3 million, allocating $64.7 million to goodwill and $81.4 million to intangible assets to power its digital transformation strategy. The acquisition, aimed at expanding Hasbro’s direct-to-consumer presence with nearly 10 million connected gaming accounts and over 50% three-year CAGR, is expected to drive future growth despite slight EPS dilution in 2022. |
Recent press releases and 8-K filings for HAS.
- Hasbro posted net revenue of $887 million (up 17%) in Q1 2025, driven by a 46% growth in the Wizards segment—while Consumer Products declined by 4% .
- Achieved a record adjusted operating margin of 25.1%, with operating profit at $170.7 million and adjusted operating profit of $222 million (up 50% and a $74M improvement year-over-year) .
- Declared a quarterly cash dividend of $0.70 per share, along with a $98M dividend payout and a $50M debt reduction to bolster balance sheet strength .
- Navigated a challenging tariff environment with potential 145% tariffs on China and 10% reciprocal tariffs elsewhere, mitigating an estimated gross impact of $100M to $300M through cost-saving and supply chain diversification .
- Maintained full company guidance amid ongoing trade uncertainties, leveraging robust licensing, digital gaming performance, and accelerated cost transformation .