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Mar 28, 2021
Hasbro Q1 2021 Earnings Report
Hasbro's Q1 2021 financial results were released, showcasing growth in revenue, operating profit, and earnings per share.
Key Takeaways
Hasbro reported a positive first quarter in 2021, marked by revenue growth of 1% to $1.11 billion, driven by strong performances in the Consumer Products and Wizards of the Coast and Digital Gaming segments. Operating profit and net earnings also saw significant increases, with adjusted EPS reaching $1.00. The company ended the quarter with a strong cash position of $1.43 billion.
First quarter revenue increased by 1% to $1.11 billion.
Consumer Products segment revenue grew by 14%, while Wizards of the Coast and Digital Gaming segment revenue increased by 15%.
Operating profit rose to $147.3 million, representing 13.2% of revenues, and net earnings increased to $116.2 million, or $0.84 per diluted share.
The company's cash position remained strong, with $1.43 billion in cash at the end of the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Hasbro is targeting full-year double-digit revenue growth, supported by innovation and quality execution throughout the business.
Positive Outlook
- The global Hasbro team executed a very good quarter.
- Driving strong sell in and demand in the Consumer Products segment.
- Growing both analog and digital revenues in Wizards.
- Growing our licensed digital gaming business.
- Positioning us to deliver growth for the full year in the Entertainment segment
Challenges Ahead
- Entertainment segment revenue declined due to expected difficult comparisons in the TV and Film business.
- Theatrical business continues to be impacted by COVID-related theater shutdowns.
- Scripted TV deliveries are slated to increase later in the current year.
- Adjusted operating profit declined on the lower revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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