Hasbro (HAS) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 20, 2026 astatine 11:03 AM CDT 28 min read

Image source: The Motley Fool.

DATE

Wednesday, May 20, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Chris Cocks

• Chief Financial Officer — Gina Goetter

• Operator

Full Conference Call Transcript

Chris Cocks: Thanks, Fred, and bully morning, everyone. Hasbro started 2026 with momentum, gross grew 13%, powered by Wizards of the Coast, portion Consumer Products posted point-of-sale maturation and stock gains crossed our cardinal gem squared categories. These results reenforce our assurance successful the Playing to Win strategy arsenic Hasbro's Deep IP Vault, industry-leading licensing capabilities and world-class partners presumption america for occurrence contiguous and into the future. Let's excavation into results, starting with Wizards of the Coast. Q1 showed that Magic's grounds 2025 was nary fluke. Lorwyn Eclipsed, which debuted successful January, became the best-selling Magic Premier acceptable of each clip and delivered the highest engagement successful organized play statistic we've seen since the pandemic.

We travel that with the Teenage Mutant Ninja Universe is Beyond Collaboration that outpaced interior expectations, much impervious that our multi-franchise strategy is expanding the Magic audience. Backlist was erstwhile again a standout, mounting a quarterly record, acknowledgment to request for Avatar, the past Airbender and Final Fantasy. We're lone 1 4th into the year, but 2026 already represents the 3rd largest Backlist twelvemonth successful Magic's history. We're seeing grounds request to widen beyond tabletop and integer into unrecorded experiences too. MagicCon Las Vegas sold much than 23,000 badges making it the largest Magic lawsuit ever. That request is global. MagicCon Amsterdam is connected way to merchantability retired arsenic well.

From our tentpole MagicCon to play organized play events crossed much than 11,000 Wizards Play Network stores, the flywheel of caller subordinate acquisition, organisation maturation and durable retention are showing up successful the numbers. Magic's momentum has carried into Q2 wherever secrets and strict redeeming already has surpassed Lorwyn Eclipsed arsenic the largest Magic Premier acceptable ever. The remainder of the twelvemonth features a blockbuster beingness is beyond slate with Marvel superheroes, The Hobbit and Star Trek. And yesterday successful concern with The Walt Disney Company, we announced Magic Arena volition diagnostic afloat integer rights for the upcoming Marvel Super Heroes launch.

This is simply a meaningful measurement guardant successful our strategy to widen the Magic ecosystem crossed platforms and scope caller fans wherever they play. Outside of Magic, Wizards of the Coast teams are polishing our AAA video crippled launches. EXODUS from Archetype and Warlock from Invoke. Both titles stay connected docket to motorboat adjacent year, and we're excited to stock EXODUS' extended showcase with fans aboriginal this summer. D&D is connected a large trajectory. We launched Dungeon Masters, our archetypal authoritative D&D existent play bid connected YouTube, featuring endowment from Baldur's Gate 3 alongside apical treaters successful the tabletop space. Turning to Consumer Products.