secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0000046080-22-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro Q1 revenue up 4% to $1.16B; adjusted EPS $0.57, down 43% YoY
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- GAAP EPS $0.44, adjusted EPS $0.57; net earnings $61.2M, down 47% YoY.
- Revenue $1.16B, up 4% (6% ex-FX); Wizards +9%, Consumer Products +3%, Entertainment +4%.
- Adjusted operating profit $141.8M (12.2% margin), down 19% YoY; guides to mid-single digit adj. op. profit growth.
- Paid $94.5M dividends; plans $75-$150M share repurchase in 2022.
- Cash $1.06B; targeting gross debt/adjusted EBITDA of 2.0-2.5x by 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608022000062/0000046080-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608022000062/has-20220419.htm
  HTML page:      https://secwatch.observer/filing/0000046080-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer