secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000046080-24-000160
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro Q3 revenue down 15%, adjusted EPS $1.73; maintains FY EBITDA guidance
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000160/0000046080-24-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000160/has-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000046080-24-000160

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