Hasbro, Inc. (HAS) is scheduled to report first-quarter 2024 results on Apr 24, 2024, before the opening bell. In the last reported quarter, the company registered a negative earnings surprise of 40.6%.What Do the Estimates Say?The Zacks Consensus Estimate for fiscal first-quarter earnings per share is pegged at 27 cents, indicating a surge of 2600% from 1 cent reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $742.7 million, suggesting a decline of 25.8% from the year-ag ...

Hasbro (HAS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better than expectatio ...

Investors interested in stocks from the Toys - Games - Hobbies sector have probably already heard of Mattel (MAT) and Hasbro (HAS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ...

Hasbro, Inc. (HAS) is benefiting from its focus on various sales-boosting initiatives, solid demand of its gaming category and opportunities in the emerging markets. Aided by these tailwinds, the company remains optimistic on its long-term growth trajectory (next three years) across its crucial growth defining metrics.Shares of this designer, manufacturer and marketer of games and toys rose 10.5% in the year-to-date period against the Zacks Toys - Games - Hobbies industry’s 2.9% decline. The uptrend can be ...

Following an Epic NYC Premiere Event, Basic Fun! Invites Fans Around the World to Unleash the Bobble with a Custom Song and Dance Challenge Inspired by the PetsBOCA RATON, Fla., April 4, 2024 /PRNewswire/ -- Today, LITTLEST PET SHOP, one of the most well-known collectible toy brands in history, released a call to action to fans around the world to 'unleash the bobble'. In celebration of the franchise's long-anticipated return to retail in January – this is sure to be the "Year of the Bobble"! Debuting last ...

It’s been decades since I last played Monopoly, but the board game comes to mind when contemplating the commentary of the members of the Monetarist School. Consider the play money that comes with the game.No doubt Monopoly participants would find it difficult to compete without it. At least for a few minutes. In a game about achieving monopoly, the fake money is the way players keep score. For Monopoly to be a game, money is needed. Hasbro HAS supplies it. Members of the Monetarist School seem to have inter ...

It has been about a month since the last earnings report for Hasbro (HAS) . Shares have added about 0.7% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Hasbro due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Hasbro Q4 Earnings & Revenues Miss EstimatesHasbro rep ...

Financial Performance - Net revenues for Hasbro in 2023 were $5,003.3 million, a decrease of 15% from $5,856.7 million in 2022, with a favorable foreign currency translation impact of $20.6 million[234]. - Operating losses in 2023 were $1,538.8 million, representing 30.8% of net revenues, compared to an operating profit of $407.7 million, or 7.0% of net revenues in 2022[234]. - Net losses attributable to Hasbro, Inc. were $1,489.3 million in 2023, or $10.73 per diluted share, compared to net earnings of $203.5 million, or $1.46 per diluted share in 2022[240]. - Consolidated net revenues for the year ended December 31, 2023, declined 15% to $5,003.3 million from $5,856.7 million in 2022, with a favorable foreign currency translation impact of $20.6 million[248]. - The overall operating profit for the company was a loss of $1,538.8 million in 2023, compared to a profit of $407.7 million in 2022[282]. Segment Performance - The Consumer Products segment saw a 19% decline in net revenues to $2,886.4 million, while the Wizards of the Coast and Digital Gaming segment increased by 10% to $1,457.6 million[234]. - The Entertainment segment experienced a 31% decline in net revenues to $659.3 million in 2023[234]. - Franchise Brands net revenues decreased 3% in 2023 to $3,256.5 million, primarily due to lower sales from NERF, Hasbro Gaming, and PLAY-DOH products, partially offset by increases from DUNGEONS & DRAGONS and TRANSFORMERS[253]. - Partner Brands portfolio net revenues declined 35% in 2023 to $687.8 million, driven by lower sales from DISNEY FROZEN and DISNEY PRINCESS products due to expired license agreements[254]. - The Consumer Products segment net revenues fell 19% in 2023 to $2,886.4 million, while the Wizards of the Coast & Digital Gaming segment grew 10% to $1,457.6 million[266]. Impairment Charges - Non-cash goodwill and asset impairment charges in 2023 totaled $1,278.2 million, or $9.20 per diluted share, primarily related to the eOne Film and TV business and Family Brands[243]. - The Company incurred net charges of $253.0 million related to the strategic review and Blueprint 2.0 strategy shift, including $231.9 million in net asset impairments[247]. - A net charge of $116.1 million was recorded for the sale of eOne's music business, including a non-cash goodwill impairment charge of $108.8 million[247]. - The Company recorded a non-cash goodwill impairment charge of $231.2 million for its Film and TV reporting unit due to the impact of strikes, resulting in delayed production and lower cash flow forecasts[381]. - The Company recorded a non-cash goodwill impairment charge of $960.0 million for the Family Brands reporting unit, reflecting a strategic shift and lower profitability forecasts for the PJ MASKS franchise[382]. Strategic Initiatives - Hasbro's strategic plan, referred to as Blueprint 2.0, focuses on fewer, bigger, and more profitable brands while investing in direct-to-consumer relationships and digital gaming[233]. - The company is pursuing a franchise-first approach to enhance brand experiences through licensing and digital games[233]. - Hasbro's operational savings initiatives include supply chain transformation aimed at improving operating results and reinvesting in the business[233]. - The Company announced an Operational Excellence program, incurring net charges of $89.2 million, including $79.8 million in severance expenses[247]. Cash Flow and Liquidity - In 2023, Hasbro generated $725.6 million in cash from operating activities, an increase from $372.9 million in 2022, but a decrease from $817.9 million in 2021[355]. - Net cash flows provided by investing activities were $117.6 million in 2023, compared to a net cash outflow of $313.0 million in 2022 and inflow of $242.0 million in 2021, primarily due to $329.6 million from the sale of the eOne Film and TV Business[356]. - The company expects to meet its working capital needs for 2024 through available cash, cash flows from operations, and potential borrowings, including a repayment of $500.0 million in long-term debt due in November 2024[344]. - As of December 31, 2023, the company's cash and cash equivalents totaled $545.4 million, reflecting a 6% increase from $513.1 million in 2022[345]. Inventory and Assets - Inventories decreased by 51% in 2023 to $332.0 million, due to efforts to reduce retail inventory levels and improve inventory quality[348]. - Accounts receivable, net decreased by 9% in 2023 to $1,029.3 million, driven by the sale of the eOne Film and TV business and lower revenues[347]. - Other assets decreased by 46% in 2023 to $862.0 million, largely due to the removal of long-term asset balances from the sale of the eOne Film and TV business[350]. - The Company's inventory levels decreased by 51% in 2023 compared to 2022, reflecting efforts to reduce retail inventory while improving quality[406]. Expenses and Liabilities - Total operating expenses as a percentage of net revenues increased in 2023, with cost of sales at 34.1%, program cost amortization at 9.0%, and royalties at 8.6%[303]. - Interest expense increased to $186.3 million in 2023 from $171.0 million in 2022, primarily due to higher interest rates on variable-rate loans[329]. - The Company has a total liability of $103.3 million related to the Tax Act, with $45.9 million due in 2024 and $57.4 million as the final installment due in 2025[345]. - The Company has a liability of $47.4 million related to potential tax, interest, and penalties for uncertain tax positions as of December 31, 2023[396]. Market and Economic Factors - Inflation significantly impacted the Company's operations in 2022 and 2023, potentially affecting consumer purchases and operational costs[409]. - The bankruptcy of a significant retailer could negatively impact the Company's future revenues[407]. - Revenue patterns from the Company's entertainment businesses fluctuate based on content release timing and popularity[408]. - The Company may need to implement price adjustments to mitigate the impact of inflation on its business operations[409].

The reviews are in, and Dungeons and Dragons (DND) is a hit!According to movie review site Rotten Tomatoes, last year's Dungeons & Dragons: Honor Among Thieves (HAT) fantasy flick won a 91% rating from critics, and 93% approval from audiences -- and collected $93.2 million in U.S. box office receipts. BoxOfficeMojo points out that, when you add in global box office figures, that number swells to $208.2 million. But that probably wasn't enough cash to make HAT profitable for Paramount (PARA 0.40%), its distr ...

While the toy-manufacturing industry obvious targets young kids, they also enjoy a robust market for kids at heart, thus highlighting the opportunities in toy stocks. Easily, what’s most compelling about this particular topic is the suddenly expanded addressable market.Primarily, an investor would ordinarily consider demographic data to identify upside prospects in toy stocks. After all, large families with young children present a prime tailwind. However, toy companies are also noticing that thanks to dyna ...