secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000046080-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro reports Q4 GAAP loss, FY2022 revenue down 9%; faces $300M headwinds in 2023
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- FY2022 revenue $5.86B (-9% YoY); Q4 revenue $1.68B (-17%).
- Q4 GAAP operating loss $125.7M; adjusted operating profit $269.2M (+22%).
- Q4 GAAP EPS loss $0.93; adjusted EPS $1.31 (+8% YoY).
- Magic: The Gathering becomes first billion-dollar brand; Wizards of the Coast record.
- 2023 facing ~$300M headwinds from exited licenses, brands, markets, and FX.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000011/0000046080-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000011/has-20230216.htm
  HTML page:      https://secwatch.observer/filing/0000046080-23-000011

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