Hasbro, Inc. stock research
FY2025 Q1
Hasbro (HAS) Gross Margin — Quarter Ended Mar 30, 2025
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit followed a similar pattern, while cost of revenue declined sharply from the prior quarter, resulting in an improved gross margin compared to both periods.
Gross margin takeaway
Quarter ended Mar 30, 2025 · FY2025 Q1
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit followed a similar pattern, while cost of revenue declined sharply from the prior quarter, resulting in an improved gross margin compared to both periods.
- The most notable change was the decline in cost of revenue, which fell more sharply than revenue compared to the prior quarter, leading to a higher gross margin.
- Compared to the prior quarter, revenue and gross profit were lower, but gross margin improved due to a larger reduction in cost of revenue. Compared to the same quarter last year, revenue and gross profit were higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
76.9%
Gross profit
$682.6M
Revenue
$887.1M
Cost of revenue
$204.5M
Quarter-over-quarter change
+9.5 pts
Year-over-year change
+3.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $995.3M | $757.6M | $237.7M | 76.1% |
| Sep 29, 2024 | $1.3B | $902.4M | $378.9M | 70.4% |
| Dec 29, 2024 | $1.1B | $742.9M | $358.7M | 67.4% |
| Mar 30, 2025 | $887.1M | $682.6M | $204.5M | 76.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 29, 2024
+9.5 pts
Year-over-year change
Mar 31, 2024
+3.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most notable change was the decline in cost of revenue, which fell more sharply than revenue compared to the prior quarter, leading to a higher gross margin.
Compared to the prior quarter, revenue and gross profit were lower, but gross margin improved due to a larger reduction in cost of revenue. Compared to the same quarter last year, revenue and gross profit were higher, and gross margin also improved.
Monitor the potential impact of changes in U.S. trade policy on future cost of revenue, as noted in the filing.