Scott Peters
19 Apr, 2022
New York City
Hasbro Inc said first-quarter 2022 revenue increased 4% to $1.16 billion, net income plunged 47% to $61 million, and earnings per share fell to 44 cents from 84 cents a year ago. Revenues in the Consumer Products segment rose 3%, in the Wizards of the Coast and Digital Gaming segment rose 9%, and in the Entertainment segment gained 4%. The toymaker guided 2022 revenue growth in low-single digit and operating cash flow in the range of $700 million to $800 million.
