secwatch.observer — SEC 8-K summary
======================================

Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000046080-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro reports FY2023 revenue down 15%, operating loss of $1.54B; issues profit growth guidance for 2024
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000008/0000046080-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000008/has-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000046080-24-000008

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