secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000046080-23-000079
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro Q2 revenue down 10% to $1.21B; reports net loss of $235M; sells eOne Film & TV to Lionsgate
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- Q2 net revenue $1,210M (-10% YoY); net loss $235M (-$1.69 EPS); adjusted EPS $0.49 (-57%).
- Announced sale of eOne Film and TV business to Lionsgate; expected close by end of 2023, plans to pay down at least $400M floating-rate debt.
- Operating loss $188.6M vs profit $219.1M in prior year; adjusted operating profit $136.8M, down 43%.
- First-half cost savings $84M under Operational Excellence Program; owned inventory reduced 16% YoY.
- Raised Wizards of the Coast & Digital Gaming revenue guidance; reaffirmed Consumer Products outlook; Entertainment impacted by strikes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/0000046080-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000079/has-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000046080-23-000079

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