8-K
filed February 13, 2024, 6:59 PM ET
ticker HAS
CIK 0000046080
earnings
confidence high
sentiment negative
materiality 0.80
Hasbro reports FY2023 revenue down 15%, operating loss of $1.54B; issues profit growth guidance for 2024
HASBRO, INC.
2023-FY EPS reported
-$10.73
revenue$5,003,300,000
- Full year revenue declined 15% YoY; Q4 revenue down 23% YoY; Wizards of the Coast segment up 10%.
- Operating loss of $1,539M includes $1.3B non-cash goodwill and intangible impairment; adjusted operating profit $477M.
- Reported net loss $10.73 per share; adjusted diluted EPS $2.51; Q4 adjusted EPS $0.38.
- Owned inventory reduced 51% YoY; debt reduced by $506M; paid $388M in dividends.
- 2024 guidance expects significant profit growth across segments, building on transformation and cost savings.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
HASBRO, INC. reported the fiscal quarter ended December 31, 2023 results: net income $7.64 per share, EPS $7.64 per share.
- Period
- the fiscal quarter ended December 31, 2023
- Net income
- $7.64 per share
- EPS
- $7.64 per share
- Result
- reported results
Exact text from the filing
Net loss of $7.64 per share; adjusted net earnings of $0.38 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
HASBRO, INC. reported the fiscal year ended December 31, 2023 results: net income $10.73 per share, EPS $10.73 per share.
- Period
- the fiscal year ended December 31, 2023
- Net income
- $10.73 per share
- EPS
- $10.73 per share
- Result
- reported results
Exact text from the filing
On February 13, 2024, Hasbro, Inc. ("Hasbro" or "we") announced its financial results for the fiscal quarter and fiscal year ended December 31, 2023, and certain other financial information.
View on SEC.gov
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