Hasbro Inc
- Hasbro declined 5.8% to $48.30 after the toymaker reported sharply lower-than-expected earnings in the fourth quarter.
Revenue in the fourth quarter declined 23% to $1.29 billion from $1.7 billion, net loss soared to $1.06 billion from $128 million, and diluted loss per share expanded to $7.64 from 93 cents a year ago.
Revenue in the fourth quarter declined 23% after the growth in the Wizards of the Coast and Digital Gaming segments of 7%, which was more than offset by declines of 25% in the consumer products segment and a 49% plunge in the entertainment segment.
Operating loss of $1,912 million compared to an operating profit of $23 million in 2022. 2023 loss includes $1,846 million (non-cash) of goodwill and intangible asset impairment associated with the eOne Film and TV business and within Family Brands to align with a change in entertainment strategy.
Feb 13, 2024 - Hasbro, Inc. plunged 12.3% to $48.0 after the toymaker reported weaker-than-expected results in the third quarter and suggested sales are likely to fall at a faster pace then previously estimated.
Revenue in the third quarter declined 10% to $1.5 billion from $1.67 billion, and the company swung to a net loss of $171.1 million from a profit of $129.2 million, and diluted earnings per share were ($1.23) compared to 93 cents a year ago.
The company estimated full-year 2023 revenue to decline between 13% and 15%, compared to a 3% to 6% decline in its previous estimate, and operating cash flow between $500 million and $600 million.
Earlier this year, the company said it plans to sell its film and television business eOne, home of Peppa Pig, to Lionsgate for $500 million.
Oct 26, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | -0.16 | -1.69 | -1.23 | - | - | |
| 2022 | 0.44 | 1.02 | 0.93 | -0.93 | 1.46 | |
| 2021 | 0.84 | -0.17 | 1.83 | 0.59 | 3.1 | |
| 2020 | -0.51 | -0.25 | 1.61 | 0.76 | 1.62 | |
| 2019 | 0.21 | 0.11 | 1.67 | 2.01 | 4.05 | |
| 2018 | -0.9 | 0.48 | 2.06 | 0.1 | 1.74 | |
| 2017 | 0.43 | 0.53 | 2.09 | 2.30 | 5.35 | |
| 2016 | 0.38 | 0.41 | 2.03 | 1.64 | 4.46 | |
| 2015 | 0.21 | 0.33 | 1.58 | 1.39 | 3.51 | |
| 2014 | 0.24 | 0.26 | 1.40 | 1.30 | 3.2 | |
| 2013 | -0.05 | 0.28 | 0.96 | 0.98 | 2.17 | |
| 2012 | -0.02 | 0.33 | 1.24 | 1.00 | 2.55 | |
| 2011 | 0.12 | 0.42 | 1.27 | 1.01 | 2.82 | |
| 2010 | 0.40 | 0.29 | 1.09 | 0.96 | 2.74 | |
| 2009 | 0.14 | 0.26 | 0.99 | 1.09 | 2.48 | |
| 2008 | 0.25 | 0.25 | 0.89 | 0.61 | 2 | |
| 2007 | 0.19 | 0.03 | 0.95 | 0.80 | 1.97 | |
| 2006 | -0.03 | 0.07 | 0.58 | 0.67 | 1.29 | |
| 2005 | -0.02 | 0.13 | 0.47 | 0.51 | 1.09 |