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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.
Hasbro
Hasbro
Hasbro Revenue by Segment
Hasbro Revenue by Geographic Location
Revenue by Segment
Consumer Products Revenue
CapyFin.comEntertainment Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com 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.
- Partially offset by reduced advertising and promotional spend due to the lack of theatrical activity this year versus last.
Revenue & Expenses
Visualization of income flow from segment revenue to net income