Hasbro Q3 revenue down 10%; operating loss $169.5M; Wizards of the Coast up 40%

HASBRO, INC.

2023-Q3 EPS reported -$3.09 revenue$3,714,400,000

Q3 revenue $1,503.4M (-10% YoY); GAAP net loss $171.1M ($1.23 diluted loss); adjusted EPS $1.64.
Wizards of the Coast & Digital Gaming revenue +40% driven by Baldur's Gate III and Monopoly Go! ($63M incremental).
Consumer Products revenue -18% due to exited licenses and softer category trends; inventory down 34%.
Operating loss of $169.5M includes $473M pre-tax loss on assets held for sale (eOne Film & TV business).
2023 guidance: lower Consumer Products outlook; on track for ~$200M cost savings; eOne sale expected by year-end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HASBRO, INC. reported the third quarter 2023 results: revenue $1,503.4, net income $(171.1), EPS $(1.23). Guidance reaffirmed.

Period: the third quarter 2023
Revenue: $1,503.4
Net income: $(171.1)
EPS: $(1.23)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

by year end. Third Quarter and Year-to-Date 2023 Financial Results $ Millions, except earnings per share Q3 2023 Q3 2022 % Change YTD 2023 YTD 2022 % Change Net Revenues 1 $ 1,503.4 $ 1,675.9 -10% $ 3,714.4 $ 4,178.2 -11% Operating Profit (Loss) $ (169.5) $ 194.3 >-100% $ (340.2) $ 533.4 >-100% Adjusted Operating Profit 2 $ 342.6 $ 270.5 27% $ 526.6 $ 653.3

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Source: SEC EDGAR

accession 0000046080-23-000093

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