Hasbro, Inc. stock research
FY2025 Q2
Hasbro (HAS) Gross Margin — Quarter Ended Jun 29, 2025
Revenue increased compared to the previous quarter but decreased compared to the same quarter one year earlier. Gross profit and gross margin both improved relative to both prior periods, with cost of revenue declining as a share of revenue.
Gross margin takeaway
Quarter ended Jun 29, 2025 · FY2025 Q2
Revenue increased compared to the previous quarter but decreased compared to the same quarter one year earlier. Gross profit and gross margin both improved relative to both prior periods, with cost of revenue declining as a share of revenue.
- The strongest observable driver was the reduction in cost of revenue relative to revenue, which lifted gross margin higher than both the previous quarter and the year-ago quarter.
- Compared to the preceding quarter, revenue and gross profit were higher, while gross margin edged up. Versus the same quarter one year earlier, revenue was lower and gross profit slightly lower, but gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
77.0%
Gross profit
$755.5M
Revenue
$980.8M
Cost of revenue
$225.3M
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+0.9 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 |
|---|---|---|---|---|
| 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% |
| Jun 29, 2025 | $980.8M | $755.5M | $225.3M | 77.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 30, 2025
+0.1 pts
Year-over-year change
Jun 30, 2024
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the reduction in cost of revenue relative to revenue, which lifted gross margin higher than both the previous quarter and the year-ago quarter.
Compared to the preceding quarter, revenue and gross profit were higher, while gross margin edged up. Versus the same quarter one year earlier, revenue was lower and gross profit slightly lower, but gross margin improved.
Monitor the potential impact of recently announced trade policy changes on future cost of revenue, as noted in the filing.