earnings
confidence high
sentiment positive
materiality 0.75
Hasbro Q1 2024: adjusted EPS $0.61; revenue -24% (-9% ex-eOne); margins improve
HASBRO, INC.
2024-Q1 EPS reported
$0.42
revenue$757,300,000
- Adjusted operating profit $148.6M (+$101.4M vs PY) with margin 19.6% (+14.9 pts).
- Wizards of the Coast/Digital Gaming revenue +7% driven by Baldur's Gate 3 and Monopoly Go! licensing.
- Consumer Products revenue -21% on industry trends and inventory cleanup; FURBY/FURBLETS strong.
- Operating cash flow $177.8M vs $88.8M PY; owned inventory -53% overall, Consumer Products -57%.
- Paid $97.2M in dividends; reiterated full-year commitments.