secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000046080-23-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000093/0000046080-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608023000093/has-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000046080-23-000093

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