secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000046080-23-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro Q1 revenue down 14% to $1.00B; net loss $0.16/share; Magic growth 16%
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- Revenue of $1.001B (-14% YoY); net loss $0.16/diluted share; adj. EPS $0.01.
- Magic: The Gathering revenue increased 16% YoY; Wizards segment grew 12%.
- Operating profit $17.9M (GAAP), adjusted $47.2M; $35M cost savings YTD.
- Reaffirms FY2023 guidance including $150M run-rate cost savings.
- CFO Deborah Thomas retiring May 18; eOne TV/film sale update expected Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000039/0000046080-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000039/has-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000046080-23-000039

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