Hasbro Q2 2021 Earnings Report
Key Takeaways
Hasbro reported strong second-quarter results, with revenue up 54% year-over-year to $1.32 billion. The company saw growth across all segments, with Wizards of the Coast and Digital Gaming more than doubling and Consumer Products and Entertainment also showing significant increases. Adjusted operating profit more than quadrupled, and the company ended the quarter with a strong cash position.
Revenue increased by 54% compared to Q2 2020, reaching $1.32 billion.
The Wizards of the Coast and Digital Gaming segment more than doubled its revenue.
Adjusted operating profit quadrupled, demonstrating improved profitability.
A strong cash position was maintained, with $1.23 billion in cash on hand at the end of the quarter.
Hasbro
Hasbro
Hasbro Revenue by Geographic Location
Forward Guidance
Hasbro expects double-digit revenue growth for the full year and is positioned for profitable growth in the future.
Positive Outlook
- Demand remains robust for Hasbro toys and games.
- Entertainment revenue grew with strong deliveries.
- The Hasbro team is performing at a high level.
- The company is Supercharging our Brand Blueprint to drive demand for our brands and content slate.
- Position us for profitable growth not just this year but also in future years.
Challenges Ahead
- The company is managing the negative impact of the coronavirus on our business.
- The company is managing increased shipping costs due to shipping delays or changes in method of shipping.
- The company is managing increases in prices of raw materials or other increases in costs of our products.
- The company is managing potential and enacted tariffs imposed on our products.
- Global consumer point of sale declined mid-single digits.
Revenue & Expenses
Visualization of income flow from segment revenue to net income