Overview

• The latest layoffs reduced Hasbro’s global headcount by about 150 employees, marking a total reduction of nearly 2,050 jobs since 2023.
• The company is pursuing $1 billion in cost savings through organizational realignment and operational efficiency measures.
• Adjusted earnings per share rose 70% to $1.04 in Q1, reflecting improved profitability despite higher import costs.
• Roughly half of Hasbro’s products are sourced from China, making it vulnerable to U.S. tariffs projected to cut 2025 profits by $60 million to $180 million.
• Consumer products revenue fell 4% year over year to $398 million in the first quarter, highlighting pressure on its traditional toy business.