Hasbro, Inc. (HAS) is likely to benefit from solid gaming demand, product innovations and cost-saving efforts. Also, focus on the Wizards of the Coast and digital gaming business bode well. However, inflationary pressures are a concern.Let’s discuss the factors that suggest why investors should retain the stock for the time being.Major Growth DriversHasbro is witnessing solid demand in its gaming sector, boasting a top-notch gaming portfolio that spans face-to-face, tabletop and digital gaming experiences o ...

Hasbro has launched a digital version of Trivial Pursuit that uses AI to generate questions about ... [+] topics suggested by the players.Hasbro Toy maker Hasbro HAS is hoping to attract new fans to its Trivial Pursuit game with an online version that uses AI to generate questions based on players’ interests and suggestions.Trivial Pursuit Infinite was released online today at www.trivialpursuit.com and it has two play modes - a daily challenge with typical Trivial Pursuit questions and an “infinite” mode i ...

Key PointsHasbro's revenues have declined for five consecutive quarters.Hasbro sold its eOne film and TV production business to focus on the business of play.Hasbro announced additional layoffs of 900 workers for a 20% headcount reduction to generate $350 million to $400 million in annual run rate cost savings by the end of 2025.5 stocks we like better than HasbroGlobal toy and entertainment company Hasbro Inc. NYSE: HAS had a weak 2023 as shares fell 17.5% compared to the 24.8% gain for the S&P 500 index. ...

Hasbro stock got a bumpy start to the new year, receiving a downgrade from D.A. Davidson over concerns about the outlook for the toy industry in 2024. ...

PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS) announced today that it has completed the sale of its Entertainment One film and TV business to Lionsgate for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption by Lionsgate of production financing loans. Today’s announcement underscores Hasbro’s Blueprint 2.0 strategy; Hasbro will continue to develop and produce entertainment based on its rich vault of Hasbro brands. The sale includes uns ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 1, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6682 __________________ HASBRO, INC. (Exact name of registrant as specified in its charter) Rhode Island 05-0155090 (State or ...

Supplemental Financial Data 2 Certain statements in this presentation contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which may be identified by the use of forward-looking words or phrases, include statements relating to: our business strategies and plans; expectations relating to inventory; expectations relating to products, gaming and entertainment; anticipated cost savings; financial targets; anticipated financial performa ...

Washington, D.C. 20549 __________________ FORM 10-Q __________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-6682 __________________ HASBRO, INC. (Exact name of registrant as specified in its charter) Rhode Island 05-0155090 (State or ot ...

USE OF NON-GAAP FINANCIAL MEASURES The financial tables accompanying this presentation include non-GAAP financial measures as defined under SEC rules, specifically Adjusted operating profit, Adjusted net earnings and Adjusted net earnings per diluted share, which exclude, where applicable, acquisition and related costs, acquired intangible amortization; Operational Excellence and Blueprint 2.0 implementation charges; and certain non-cash asset impairment charges. Also included in this press release are the ...

Revenue Performance - First quarter 2023 net revenues decreased 14% to $1.0 billion compared to the first quarter of 2022, with an unfavorable foreign currency translation impact of $15.8 million[109] - Consumer Products segment net revenues declined 23% to $520.4 million, while Wizards of the Coast and Digital Gaming segment net revenues increased 12% to $295.2 million[109] - Franchise Brands net revenues decreased 6% to $613.4 million, driven by lower net revenues from NERF, MONOPOLY, PLAY-DOH, and PEPPA PIG products, partially offset by higher net revenues from MAGIC: THE GATHERING, DUNGEONS & DRAGONS, and TRANSFORMERS[118] - Partner Brands net revenues decreased 36% to $132.7 million, primarily due to lower sales of DISNEY FROZEN, DISNEY PRINCESS, MARVEL, STAR WARS, and BEYBLADE products[120] - Portfolio Brands net revenues decreased 18% to $92.0 million, driven by lower net revenues from PJ MASKS and BABY ALIVE products, partially offset by higher net revenues from GI JOE products[121] - Non-Hasbro Branded Film & TV net revenues decreased 16% to $162.9 million, driven by lower net revenues from film production deliveries and unscripted programming, partially offset by higher net revenues from scripted programming[122] - Consumer Products segment net revenues declined 23% to $520.4 million in Q1 2023, driven by lower sales of NERF, PLAY-DOH, DISNEY PRINCESS, DISNEY FROZEN, MARVEL, and STAR WARS products, partially offset by higher sales of TRANSFORMERS, GI JOE, and DUNGEON & DRAGONS products[125][126] - Wizards of the Coast and Digital Gaming segment net revenues increased 12% to $295.2 million in Q1 2023, driven by higher net revenues from MAGIC: THE GATHERING and D&D Beyond[130][131] - Entertainment segment net revenues declined 19% to $185.4 million in Q1 2023, primarily due to lower unscripted television and film production net revenues, partially offset by higher scripted net revenues from deliveries such as The Rookie season five[134][135] Operating Profit and Loss - Operating profit for the first quarter of 2023 was $17.9 million, or 1.8% of net revenues, compared to $120.0 million, or 10.3% of net revenues, in the first quarter of 2022[109] - Consumer Products segment operating loss was $46.0 million in Q1 2023, compared to operating profit of $8.6 million in Q1 2022, driven by lower net revenues and higher closeout sales and sales allowances[127] - Wizards of the Coast and Digital Gaming segment operating profit decreased to $76.8 million in Q1 2023, compared to $106.4 million in Q1 2022, driven by higher product development costs and administrative expenses[132] - Entertainment segment operating loss was $8.7 million in Q1 2023, compared to operating profit of $12.2 million in Q1 2022, driven by lower net revenues and higher advertising expense[136][137] - Corporate and Other segment operating losses improved to $4.2 million in Q1 2023, compared to $7.2 million in Q1 2022, driven by lower administrative expenses[138] Net Earnings and Loss - Net loss attributable to Hasbro, Inc. was $22.1 million, or $(0.16) per share, in the first quarter of 2023 compared to net earnings of $61.2 million, or $0.44 per diluted share, in the first quarter of 2022[109] - Income tax expense for Q1 2023 was $0.7 million on a pre-tax loss of $21.0 million, compared to $17.3 million on a pre-tax income of $80.2 million in Q1 2022[151] Cost Management and Savings - The company expects to deliver $250 million to $300 million in run-rate cost savings by the end of 2025 through its Operational Excellence program, with $35 million realized in the first quarter of 2023[102] - The company announced a workforce reduction of approximately 1,000 positions, or 15% of global full-time employees, in alignment with its Operational Excellence program[105] - Cost of sales decreased to $285.3 million in Q1 2023, driven by lower sales volumes and cost savings from the Operational Excellence Program[140] - Product development expense increased to $83.3 million in Q1 2023, driven by higher investments in Wizards of the Coast tabletop and digital gaming initiatives[143] - Advertising expense increased to $82.8 million in Q1 2023, driven by advertising costs for Dungeons & Dragons: Honor Among Thieves and D&D Beyond[144] Cash Flow and Financial Position - The company's cash and cash equivalents totaled $386.2 million as of April 2, 2023, with $13.4 million restricted under production financing facilities[162] - Accounts receivable decreased 26% to $685.2 million as of April 2, 2023, compared to $931.7 million as of March 27, 2022[166] - Inventories increased 11% to $713.4 million as of April 2, 2023, driven by higher inventory balances in the Wizards of the Coast and Digital Gaming segment[167] - Prepaid expenses and other current assets increased 21% to $754.4 million as of April 2, 2023, primarily due to higher accrued royalty and licensing balances[168] - Other assets increased 25% to $1,604.3 million as of April 2, 2023, driven by higher capitalized film and television production balances[169] - Accounts payable and accrued liabilities decreased 7% to $1,653.9 million as of April 2, 2023, due to lower accounts payable balances and improved supply chain conditions[170] - Net cash provided by operating activities in Q1 2023 was $88.8 million, a decrease of $45.9 million compared to Q1 2022[174] - Net cash utilized for investing activities in Q1 2023 was $55.6 million, reflecting increased investments in digital gaming initiatives[175] - Dividends paid in Q1 2023 totaled $96.7 million, compared to $94.5 million in Q1 2022[177] Debt and Financing - The Company has a commercial paper program with a maximum aggregate principal amount of $1.0 billion, with no outstanding borrowings as of April 2, 2023[179][180] - The Company has a revolving credit agreement with a maximum aggregate principal amount of $1.5 billion, with no borrowings outstanding as of April 2, 2023, and $4.0 million in letters of credit outstanding[181] - The Company has fully repaid the $400.0 million Three-Year Tranche of its Term Loan Facilities and has repaid $320.0 million of the $600.0 million Five-Year Tranche as of April 2, 2023[182] - The Company issued $2.4 billion of senior unsecured debt securities in November 2019, with $300.0 million of 2022 Notes repaid in full during the third quarter of 2021[183] - The Company has a revolving production financing facility with a maximum aggregate principal amount of $250.0 million, with $183.5 million in outstanding borrowings as of April 2, 2023[184][185] - The Company has $3.8 billion in long-term debt as of April 2, 2023, with $109.0 million due within the current year[186] - The Company has $13.4 million in letters of credit and $331.7 million in purchase commitments outstanding as of April 2, 2023[187] - The Company has $241.6 million remaining under its share repurchase authorizations, with no share repurchases made during the first quarter of 2023[188] - The Company has hedged a portion of its forecasted foreign currency transactions, with net unrealized losses of $2.0 million on derivatives as of April 2, 2023[192][193] - The Company has $3.8 billion in fixed-rate long-term debt, with deferred losses of $14.7 million related to interest rate swaps as of April 2, 2023[194]