---
schema_version: "secwatch.filing_event.v1"
accession: "0000046080-23-000039"
form_type: "8-K"
ticker: "HAS"
cik: "0000046080"
company_name: "HASBRO, INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:45:57.225891+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hasbro Q1 revenue down 14% to $1.00B; net loss $0.16/share; Magic growth 16%

## Summary
- Revenue of $1.001B (-14% YoY); net loss $0.16/diluted share; adj. EPS $0.01.
- Magic: The Gathering revenue increased 16% YoY; Wizards segment grew 12%.
- Operating profit $17.9M (GAAP), adjusted $47.2M; $35M cost savings YTD.
- Reaffirms FY2023 guidance including $150M run-rate cost savings.
- CFO Deborah Thomas retiring May 18; eOne TV/film sale update expected Q2.

## SEC filing metadata
- accession: 0000046080-23-000039
- form_type: 8-K
- ticker: HAS
- cik: 0000046080
- company_name: HASBRO, INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46080/000004608023000039/0000046080-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46080/000004608023000039/has-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046080-23-000039
- JSON: https://secwatch.observer/filing/0000046080-23-000039.json
- Plain text: https://secwatch.observer/filing/0000046080-23-000039.txt

## Key facts
- Earnings Releases
  HASBRO, INC. reported first quarter 2023 results: revenue $1.00 billion, net income net loss of $22.1 million, EPS net loss of $0.16 per share. Guidance reaffirmed.
  - Period: first quarter 2023
  - Revenue: $1.00 billion
  - Net income: net loss of $22.1 million
  - EPS: net loss of $0.16 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Hasbro Reports First Quarter 2023 Financial Results Company Reiterates Full-year 2023 Financial Guidance as Turnaround Efforts Progress and MAGIC: THE GATHERING Growth Continues Pawtucket, R.I., April 27, 2023 -- Hasbro, Inc. (NASDAQ: HAS), a global branded entertainment leader, today reported financial results for the first quarter 2023. • First quarter revenues of $1.00 billion declined 14% year-over-year, or 13% on a constant currency basis. ◦ MAGIC: THE GATHERING revenue increases 16% Year-Over-Year • First quarter operating profit of $17.9 million and adjusted operating profit of $47.2 million. • First quarter net loss of $22.1 million, or a net loss of $0.16 per share, and adjusted net income of $1.0 million, or $0.01 per diluted share. • Company realizes $35 million in Operational Excellence program cost savings year-to-date. Reaffirms guidance for $150 million run-rate savings for full-year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46080/000004608023000039/0000046080-23-000039-index.htm

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