Start Time: 08:30 January 1, 0000 9:27 AM ET Hasbro, Inc. (NASDAQ:HAS) Q2 2024 Earnings Conference Call July 24, 2024, 08:30 AM ET Company Participants Chris Cocks - CEO and Director Gina Goetter - EVP and CFO Kern Kapoor - SVP, IR Conference Call Participants Eric Handler - ROTH Capital Megan Alexander - Morgan Stanley Arpine Kocharyan - UBS Christopher Horvers - JPMorgan Drew Crum - Stifel Alex Perry - Bank of America Fred Wightman - Wolfe Research Operator Good morning, and welcome to Hasbro's Second Qua ...

As toys and games retailers look to adapt to consumers' evolving habits and preferences, Hasbro is seeing the industry transformed by more adult and more digitally engaged customers. The toy and game company shared on a call discussing its Q2 2024 financial results Thursday (July 25) that the business is changing as digital engagement rises and adults become more playful. "It's about skating to where the puck is going as opposed to where the puck has been," CEO Chris Cocks said. "I think physical products k ...

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For the quarter ended June 2024, Hasbro (HAS) reported revenue of $995.3 million, down 17.7% over the same period last year. EPS came in at $1.22, compared to $0.49 in the year-ago quarter. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Hasbro performed in the just ...

Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Here's how Hasbro performed in the quarter ended June 30 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: Though Hasbro's revenue declined 18% overall for the quarter, its Wizards of the Coast and digital gaming segment saw 20% revenue growth. This partially offset a decline in consumer product revenue of 20%, as well as a decline in the company's entertainment segment of 90%, ...

Hasbro (HAS) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for nonrecurring items. What's Next for Hasbro? While Hasbro has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the compan ...

For Immediate Release Hasbro Reports Second Quarter 2024 Financial Results Company Reports Growth in Profit and EPS in the Quarter and Raises Full Year Guidance Declares Quarterly Dividend Pawtucket, R.I., July 25, 2024 -- Hasbro, Inc. (NASDAQ: HAS), a leading toy and game company, today reported financial results for the second quarter 2024. "We delivered a solid performance in games and digital licensing and substantial margin improvement this quarter," said Chris Cocks, Hasbro Chief Executive Officer. "H ...

The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 77 cents per share, indicating an improvement of 57.1% from 49 cents reported in the year-ago quarter. The consensus mark has moved up 4% in the past 60 days. For quarterly revenues, the consensus mark is pegged at nearly $942.4 million, suggesting a decline of 22.1% from the year-ago quarter's figure. Image Source: Zacks Investment Research | --- | --- | --- | --- | --- | --- | |----------|--------------------------------- ...

Core Insights - The company has reported a diversified business model with significant revenue contributions from North America, Europe, Asia, and Latin America, totaling $413 million for the quarter ended March 31, 2024 [2] - Analysts have increased their EPS expectations for the upcoming quarterly results, with GAAP EPS expected to be around $0.67 and revenue projected at approximately $943 million [2][6] - Despite recent goodwill impairments, the company has shown long-term growth in revenue and free cash flow (FCF), indicating potential for future recovery and stock price appreciation [5][64] Financial Performance - For the quarter ended March 31, 2024, the company reported revenues of $239.1 million in North America, $87.5 million in Europe, $48.8 million in Asia Pacific, and $37.6 million in Latin America, totaling $413 million [2] - The company experienced a decline in revenue from $1,001 million in Q1 2023 to $757.3 million in Q1 2024, primarily due to the sale of the eOne Film and TV business and broader industry trends [66] - The company reported a strong operating profit of $116.2 million in Q1 2024 compared to $17.9 million in Q1 2023, indicating progress in turnaround efforts [66] Growth Potential - The company has a history of positive net income since 2014, with a significant increase in total assets from $4.5 billion in 2014 to over $6.2 billion in 2024 [15][24] - Analysts project a substantial increase in EPS, with expectations of a 45% increase in 2024, followed by 17% in 2026 and 20% in 2027, suggesting strong future demand for the stock [37] - The company’s DCF model implies a valuation of approximately $109 per share, indicating that the stock is currently undervalued [5][55] Strategic Initiatives - The company is undergoing a multi-year transformation to focus on fewer, larger brands, which has led to improved supply chain efficiencies and cost reductions [66] - Recent sales of business units, including the eOne Film and TV business, are part of a strategy to enhance cash flow and overall valuation [52][66] - Continued investments in marketing and R&D are expected to drive product development and customer reach, supporting long-term growth [39][64]

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Expected Results of an Industry Player The market expects Hasbro (HAS) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock pr ...