Deb Thomas

“As Chris said, first quarter results were ahead of our expectations and position us to meet our full year guidance. Wizards of the Coast, led by strong MAGIC: THE GATHERING demand, continued to perform well.”

“Over the course of 2022, we made meaningful progress to strengthen Hasbro by completing our strategy review, unveiling and beginning to implement Blueprint 2.0 and undertaking a significant transformation project to streamline our organization and priorities.”

“The third quarter results reflect the timing shifts we have forecasted since early in the year. These include release timing for Magic: The Gathering card sets, entertainment deliveries and several product launches and key brands happening in early fourth quarter as well as a shift in retail promotional periods.”

“Our second quarter results have us on track to achieve our full year guidance, including low single-digit revenue growth in constant currency, operating margin expansion to 16%, and operating cash flow at the low end of the $700 million to $800 million range.”

“Coming off a strong 2021, the Hasbro team delivered a good start to the year. We're excited to have Chris on board, and as he did with Wizards of the Coast, he's looking at Hasbro with a fresh view to our rich opportunities and strengths, bolstered by a disciplined approach to build on the solid foundation in place.”