Hasbro Q2 adjusted EPS $1.22, raises full-year guidance; Wizards segment up 20%

HASBRO, INC.

2024-Q2 EPS reported $1.41 revenue$1,752,600,000

Revenue declined 18% overall (6% ex-eOne divestiture); adjusted operating profit $249M (+$112M YoY).
Adjusted operating margin improved to 25.0% from 11.3%; inventory down 51% YoY.
Wizards of the Coast segment revenue grew 20% on Magic: Modern Horizons 3 and digital licensing.
Full-year guidance raised; operating cash flow $365M YTD vs $119M prior year.
Consumer Products revenue down 20%, but licensing +11%; Furby, Play-Doh, G.I. Joe performed well.

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