earnings
confidence high
sentiment positive
materiality 0.75
Hasbro Q3 revenue down 15%, adjusted EPS $1.73; maintains FY EBITDA guidance
HASBRO, INC.
2024-Q3 EPS reported
$3.00
revenue$3,033,900,000
- Q3 reported net earnings $1.59/diluted share; adjusted net earnings $1.73/diluted share.
- Revenue declined 15% overall; excluding eOne, down 9%. Wizards of the Coast -5%, Consumer Products -10%, Entertainment -86%.
- Adjusted operating margin improved to 25.7% (+2.9 pts) driven by favorable mix and cost savings of $87M in Q3.
- Full year EBITDA guidance maintained; quarterly dividend declared (paid $98M in Q3).
- Inventory down 39% YoY; Consumer Products inventory down 40%.