---
schema_version: "secwatch.filing_event.v1"
accession: "0000046080-23-000008"
form_type: "8-K"
ticker: "HAS"
cik: "0000046080"
company_name: "HASBRO, INC."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:28:35.760692+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Hasbro reports Q4 revenue down 17% YoY, announces ~1,000 job cuts and COO departure

## Summary
- Preliminary Q4 revenue ~$1.68B, down 17% YoY; adjusted EPS $1.29-$1.31.
- Consumer Products segment revenue down 26% YoY to ~$1.0B; Wizards of the Coast +22% to $339M.
- Company eliminating ~1,000 positions (15% of global full-time workforce) in 2023.
- Eric Nyman, President and COO, departing effective March 31, 2023.
- Targeting $250-300M annual cost savings by end of 2025.

## SEC filing metadata
- accession: 0000046080-23-000008
- form_type: 8-K
- ticker: HAS
- cik: 0000046080
- company_name: HASBRO, INC.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/0000046080-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/has-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046080-23-000008
- JSON: https://secwatch.observer/filing/0000046080-23-000008.json
- Plain text: https://secwatch.observer/filing/0000046080-23-000008.txt

## Key facts
- Earnings Releases
  HASBRO, INC. reported the fiscal quarter ended December 25, 2022 results: revenue approximately $1.68 billion, EPS Preliminary earnings loss per share of $1.00 to $0.93.
  - Period: the fiscal quarter ended December 25, 2022
  - Revenue: approximately $1.68 billion
  - EPS: Preliminary earnings loss per share of $1.00 to $0.93
  - Result: preliminary results
  source text: Preliminary Financial Results Fourth Quarter 2022 Selected Preliminary Results • Preliminary fourth quarter 2022 revenue of approximately $1.68 billion, down 17% year-over-year; down approximately 14% in constant currency. • Wizards of the Coast and Digital Gaming segment revenue of approximately $339 million, up 22% year-over-year; Consumer Products segment revenue of approximately $1.0 billion, down 26% year-over-year; and Entertainment segment revenue of approximately $335 million, down 12% year-over-year. • Preliminary operating loss margin of 8.3% to 7.5%; Preliminary adjusted operating profit margin of 15.8% to 16.0%, excluding total pre-tax charges of approximately $300 million associated with changes in entertainment and business plans as part of the Blueprint 2.0 strategy, approximately $21 million in pre-tax charges related to amortization of costs from the eOne acquisition, and cash charges of approximately $78 million associated with workforce reductions and related fees as
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/0000046080-23-000008-index.htm
- Earnings Releases
  HASBRO, INC. reported the fiscal year ended December 25, 2022 results: revenue approximately $5.86 billion, EPS Preliminary earnings per diluted share of $1.40 to $1.46.
  - Period: the fiscal year ended December 25, 2022
  - Revenue: approximately $5.86 billion
  - EPS: Preliminary earnings per diluted share of $1.40 to $1.46
  - Result: preliminary results
  source text: Full-Year 2022 Selected Preliminary Results • Preliminary full-year 2022 revenue of approximately $5.86 billion, down 9% year-over-year; down approximately 6% in constant currency. • Wizards of the Coast and Digital Gaming segment revenue of approximately $1.33 billion, up 3% year-over-year; Consumer Products segment revenue of approximately $3.57 billion, down 10% year-over-year; and Entertainment segment revenue of approximately $959 million, down 17% year-over-year and down 12% excluding $65 million of revenue associated with the music business which was sold in 2021. • Preliminary operating profit margin of 6.7% to 7.0%; Preliminary adjusted operating profit margin of 15.7% to 15.8%, excluding total pre-tax charges of approximately $520 million, including the Q4 charges described above and $120 million recognized through the third quarter 2022. • Preliminary earnings per diluted share of $1.40 to $1.46; Preliminary adjusted earnings per diluted share of $4.43 to $4.45, excluding th
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/0000046080-23-000008-index.htm
- Executive change
  Eric Nyman departed as President and Chief Operating Officer at HASBRO, INC..
  - Action: leaving
  - Role: President and Chief Operating Officer
  source text: On January 26, 2023, the Company announced that Eric Nyman, President and Chief Operating Officer, will be leaving the Company effective March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000008/0000046080-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.