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Hasbro(HAS) - 2024 Q2 - Quarterly Report
2024-07-31 20:42
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 June 30, 2024 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 o ...
Game On: Hasbro Stock Spikes with EPS Win and Inventory Play
MarketBeat· 2024-07-31 11:00
Hasbro operates in the consumer discretionary sector, competing with toys, entertainment, and games companies like Mattel Inc. NASDAQ: MAT, JAKKS Pacific Inc. NASDAQ: JAKK, and Funko Inc. NASDAQ: FNKO. Get Hasbro alerts: Hasbro's Portfolio of Iconic Games Spans Generations Hasbro has a vast portfolio of iconic game, toy, and entertainment franchises, including Monopoly, Mr. Potato Head, My Little Pony, NERF, Dungeons & Dragons, Magic: The Gathering, Play-DOH, Peppa Pig, Transformers, and G.I. Joe. A crossov ...
Hasbro(HAS) - 2024 Q2 - Earnings Call Presentation
2024-07-25 16:25
14 Y Volume/Mix represents gross sales volume impact to operating profit and impact of mix on net sales. Royalties, COS, A&P and Program Amortization are calculated on a volume-adjusted basis. COS Savings > Cost Inflation is defined as the cost of goods savings from our Operational Excellence program is greater than the cost of goods inflation. Business Exits reflects out-licensed brands, Russia and exited third-party licenses. | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|--- ...
Hasbro(HAS) - 2024 Q2 - Earnings Call Transcript
2024-07-25 16:25
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 - J ...
Hasbro: Games Customers Are Aging Up and Becoming More Digital
PYMNTS.com· 2024-07-25 15:48
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 ...
Here's Why Hasbro (HAS) is a Strong Momentum Stock
ZACKS· 2024-07-25 14:50
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. What are the Zacks Style Scores? Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chan ...
Hasbro (HAS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-25 14:36
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 beats second-quarter estimates, goes 'all in' on digital gaming segment
CNBC· 2024-07-25 14:12
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) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-07-25 12:41
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 ...
Hasbro(HAS) - 2024 Q2 - Quarterly Results
2024-07-25 10:57
EXHIBIT 99.1 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 Executiv ...