Revenue Performance - Full year 2024 revenue declined 17% primarily due to the eOne divestiture; excluding this impact, revenue declined 7%[3] - Total net revenues for the year ended December 29, 2024, were $4,135.5 million, a decrease of 17.3% compared to $5,003.3 million for the year ended December 31, 2023[26] - Fourth quarter 2024 revenue declined 15%; excluding the eOne divestiture, revenue declined 3%[8] - Total company external net revenues decreased by 15% to $1,101.6 million for the three months ended December 29, 2024, compared to $1,288.9 million for the same period in 2023[28] - For the year ended December 29, 2024, total external net revenues were $4,135.5 million, down 17% from $5,003.3 million in 2023[30] Profitability - Adjusted operating profit for 2024 was $839 million, an increase of $362 million compared to the previous year, with an adjusted operating margin of 20.3%[3] - Operating profit for the year ended December 29, 2024, was $690.0 million, compared to a loss of $1,538.8 million for the year ended December 31, 2023[26] - Operating profit improved to $59.8 million for the three months ended December 29, 2024, from a loss of $1,198.6 million in the same period of the previous year, representing a greater than 100% change[28] - The operating margin for the total company improved to 16.7% for the year ended December 29, 2024, compared to a negative margin of -30.8% in 2023[30] Earnings - Reported net earnings for 2024 were $2.75 per diluted share; adjusted net earnings were $4.01 per diluted share[3] - Net earnings for the year ended December 29, 2024, were $394.4 million, a significant recovery from a loss of $1,487.8 million in the previous year[27] - Hasbro reported a net loss attributable to the company of $34.3 million for the quarter ended December 29, 2024, compared to a net loss of $1,061.1 million for the same quarter in 2023[32] - Hasbro's net earnings attributable to the company for the year ended December 29, 2024, were $385.6 million, a recovery from a loss of $1,489.3 million in 2023[35] - Hasbro's diluted earnings per share for the quarter was $(0.25), improving from $(7.64) in the prior year quarter[35] Cash Flow and Liquidity - Operating cash flow for 2024 was $847 million, up from $726 million in the prior year, driven by improved profitability and working capital[4] - Cash and cash equivalents increased to $695.0 million as of December 29, 2024, up from $545.4 million at the end of the previous year[27] - The company reported a net cash provided by operating activities of $847.4 million for the year ended December 29, 2024, compared to $725.6 million in the previous year[27] Cost Management - The company delivered $370 million in gross cost savings and $227 million in net cost savings for 2024[3] - The cost of sales as a percentage of net revenues improved to 28.5% for the year ended December 29, 2024, down from 34.1% in the previous year[26] Debt and Liabilities - Long-term debt increased to $3,380.8 million as of December 29, 2024, compared to $2,965.8 million at the end of the previous year[25] - Total liabilities decreased to $5,155.3 million as of December 29, 2024, from $5,453.9 million as of December 31, 2023[25] - Hasbro plans to continue paying down debt and progress towards leverage targets in 2025[15] Dividends - Hasbro declared a quarterly cash dividend of $0.70 per common share, payable on March 12, 2025[11] - The company declared cash dividends of $2.10 per share for the year ended December 29, 2024, consistent with the previous year's $2.80 per share[26] Segment Performance - Digital and Licensed Gaming revenue increased 22%, with Monopoly Go! contributing $112 million for the full year 2024[7] - Consumer Products segment net revenues slightly decreased by 1% to $746.3 million, while operating profit increased significantly from a loss of $126.2 million to $50.5 million[28] - Wizards of the Coast and Digital Gaming segment net revenues decreased by 7% to $339.0 million, with operating profit declining by 22% to $80.9 million[28] - Entertainment segment net revenues plummeted by 91% to $16.3 million, with an operating loss of $16.2 million compared to a loss of $1,110.1 million in the previous year[28] - Franchise Brands net revenues decreased by 4% to $3,120.9 million for the year ended December 29, 2024[31] - North America saw a 2% increase in Consumer Products segment net revenues to $421.0 million, while Europe experienced a 10% decline to $177.9 million[29] Impairments and Losses - The company incurred $1,011.0 million in impairment of goodwill and intangible assets related to the eOne Film and TV business in 2023[35] - The company experienced a loss on disposal of business amounting to $37.4 million for the year ended December 29, 2024, down from $539.0 million in the previous year[27] - The loss on disposal of the eOne Film and TV business was $13.0 million for the quarter, compared to $66.0 million in the same quarter last year[33] - The company recorded an impairment of $78.2 million ($59.8 million after-tax) related to its Discovery JV investment in Q4 2024[37] - Impairment of goodwill and intangible assets in the Entertainment segment was $1,011 million ($998.3 million after-tax) for Q4 2023[37] Strategic Initiatives - Strategic transformation initiatives costs for the quarter were $9.8 million, reflecting ongoing efforts to improve business processes[33] - eOne Film and TV business divestiture costs amounted to $3.2 million ($2.4 million after-tax) for Q4 2024 and $18.2 million ($21.0 million after-tax) for Q4 2023[36] - Total costs related to the eOne Film and TV business for the year ended December 31, 2023 were $35.1 million ($34.0 million after-tax)[36]

Hasbro, Inc. (HAS) is scheduled to report fourth-quarter fiscal 2024 results on Feb. 20, 2025, before the opening bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last quarter, the company reported adjusted earnings per share (EPS) of $1.73, which beat the Zacks Consensus Estimate of $1.31 by 32.1%. The bottom line improved 5.5% year over year.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, delivering an a ...

Analysts on Wall Street project that Hasbro (HAS) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing a decline of 5.3% year over year. Revenues are projected to reach $1.03 billion, declining 20.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. ...

The latest trading session saw Hasbro (HAS) ending at $59.72, denoting a -0.62% adjustment from its last day's close. This change lagged the S&P 500's 0.27% loss on the day. Elsewhere, the Dow saw a downswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.03%.Prior to today's trading, shares of the toy maker had gained 6.13% over the past month. This has lagged the Consumer Discretionary sector's gain of 7.78% and outpaced the S&P 500's gain of 4.27% in that time.The upcoming earnings release of Has ...

Company Performance - Hasbro's stock closed at $57.15, reflecting a +0.9% change from the previous session, outperforming the S&P 500's daily gain of 0.72% [1] - Over the past month, Hasbro's shares experienced a loss of 0.44%, underperforming the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 1.02% [1] Upcoming Earnings Report - Hasbro is set to release its earnings on February 20, 2025, with an expected EPS of $0.36, indicating a 5.26% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $1.03 billion, down 20.39% from the prior-year quarter [2] Analyst Projections - Recent shifts in analyst projections for Hasbro should be monitored, as positive estimate revisions can indicate optimism about the company's business outlook [3] - Changes in estimates are believed to have a direct relationship with upcoming stock price performance [4] Zacks Rank and Valuation - Hasbro currently holds a Zacks Rank of 3 (Hold), with a 3.16% fall in the Zacks Consensus EPS estimate over the past month [5] - The company is trading with a Forward P/E ratio of 13.11, which is a premium compared to the industry's average Forward P/E of 12.2 [6] - Hasbro's PEG ratio is currently 0.49, while the Toys - Games - Hobbies industry has an average PEG ratio of 0.85 [6] Industry Context - The Toys - Games - Hobbies industry is part of the Consumer Discretionary sector and holds a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

The latest trading session saw Hasbro (HAS) ending at $58.55, denoting a +0.45% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.47%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 0.51%.The toy maker's shares have seen an increase of 4.26% over the last month, surpassing the Consumer Discretionary sector's gain of 2.51% and the S&P 500's gain of 1.67%.The investment community will be closely monitoring the ...

In the latest market close, Hasbro (HAS) reached $57.54, with a +0.51% movement compared to the previous day. This change lagged the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 0.22%.The the stock of toy maker has risen by 0.17% in the past month, leading the Consumer Discretionary sector's loss of 0.2% and undershooting the S&P 500's gain of 2.69%.Investors will be eagerly watching for the performance of Hasbro in its upcoming earn ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hasbro (HAS) , which belongs to the Zacks Toys - Games - Hobbies industry, could be a great candidate to consider.This toy maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 45.25%.For the most recent quarter, Hasbro was expected to post ear ...

NEW YORK, Jan. 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Hasbro, Inc. (NASDAQ: HAS).Shareholders who purchased shares of HAS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/hasbro-inc-loss-submission-form/?id=121974&from=4CLASS PERIOD: February 7, 2022 to October 25, ...