Hasbro Inc

HAS

Equity

ISIN US4180561072 / Valor 938042

NASDAQ (2024-12-11)

USD 64.38-1.50%

Hasbro Inc
UMushroom community rating:

4.17 6 votes No rating yet

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About company

Hasbro Inc. is a prominent toy and game company that aims to entertain and connect fans across generations through storytelling and play. The company offers a wide range of engaging brand experiences globally, including toys, consumer products, gaming, and entertainment. Some of its well-known brands include MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH, and PEPPA PIG. Additionally, Hasbro's subsidiary, Wizards of the Coast, is recognized for developing and publishing tabletop and digital games, particularly MAGIC: THE GATHERING and DUNGEONS & DRAGONS. Hasbro Entertainment focuses on creating premium film, television, animation, and digital content for audiences of all ages, utilizing its extensive collection of iconic brands.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Decline

In the second quarter of 2024, Hasbro Inc. reported a revenue decline of 18%, primarily driven by the divestiture of eOne. Excluding this divestiture, the revenue decline was 6%. The Wizards of the Coast and Digital Gaming segment saw a 20% growth, which was offset by a 20% decline in Consumer Products and a 90% decline in Entertainment.

Operating Profit

Hasbro Inc. achieved an operating profit of $212 million and an operating margin of 21.3% in the second quarter of 2024. This includes $37 million of intangible amortization associated with eOne, loss on disposal of business, and costs related to the company's transformation. Adjusted operating profit was $249 million, showing a significant increase of $112 million compared to the previous year.

Net Earnings

For the second quarter of 2024, Hasbro Inc. reported net earnings of $0.99 per diluted share. Adjusted net earnings were $1.22 per diluted share, benefiting from a favorable business mix and improved operations. The company also raised its full-year guidance based on these results.

Dividends

During the second quarter of 2024, Hasbro Inc. paid $97 million in cash dividends to shareholders. Additionally, the Board of Directors declared a quarterly cash dividend of $0.70 per common share, payable on September 4, 2024, to shareholders of record at the close of business on August 21, 2024.

Inventory Reduction

Hasbro Inc. reported a significant reduction in owned inventory, down 51% compared to the prior year. This includes a 55% decline in Consumer Products inventory versus the second quarter of 2023, reflecting the company's efforts to streamline operations and improve supply chain efficiency.

Summarized from source with an LLMView Source

Key figures

31.7%1Y

-36.1%3Y

-35.9%5Y

Performance

28.7%1Y

32.7%3Y

36.8%5Y

Volatility

9118 M

Market cap (USD)

973,593

Daily traded volume (Shares)

66 / 64.34

1 day high/low (USD)

0.00 / 0.00

52 weeks high/low (USD)

01 January, 2022

Dividend ex-date

0.00

Dividend (USD)

0.00%

Dividend yield (p.a.)

0.002022

0.002023

0.002024

Est dividend (USD)

0.00%2022

0.00%2023

0.00%2024

Est dividend yield

10.00

P/E ratio

00.002022

00.002023

00.002024

Est P/E ratio

0.00

EPS (USD)

0.002022

0.002023

0.002024

Est EPS (USD)

Ratings & reviews

4.17

6 votes

Performance:

4.60

Innovation:

4.60

Society:

4.60

Nature:

4.60

Gabriele Ciavarini Azzi

United Kingdom, 29 Aug 2023

Hasbro's origins trace back to its founding as a textile remnant company in 1923. It was initially named "Hassenfeld Brothers" after its founders, Henry and Helal Hassenfeld. It wasn't until the mid-20th century that Hasbro began transitioning in the toy and game industry.