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Sep 27, 2020
Hasbro Q3 2020 Earnings Report
Reported a decline in revenue due to entertainment delivery delays, but saw growth in the U.S. and Canada segment and ecomm channels.
Key Takeaways
Hasbro reported Q3 2020 revenues of $1.78 billion, a 4% decrease compared to the previous year on a pro forma basis. The company experienced growth in the U.S. and Canada segment and in ecomm channels. Adjusted operating profit increased by 230 basis points year-over-year.
Third quarter 2020 revenues were $1.78 billion, down 4% on a pro forma basis.
Revenue grew 9% in the U.S. and Canada segment and 7% in the European region; revenue grew 50% in ecomm channels globally.
Adjusted operating profit of $367.2 million or 20.7% of revenues, an expansion of 230 basis points year-over-year.
Ended the quarter with $1.13 billion in cash on the balance sheet.
Hasbro
Hasbro
Hasbro Revenue by Geographic Location
Revenue by Geographic Location
Europe Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com Forward Guidance
The company is positioned to deliver a good holiday season, with live-action entertainment production returning and expected to improve deliveries in the fourth quarter and into 2021.
Positive Outlook
- Broad, innovative product line.
- Leadership in gaming.
- Excellence in global ecomm.
- Compelling marketing campaigns.
- Live-action entertainment production is returning.
Challenges Ahead
- COVID-19 remains a factor in global operations.
- Entertainment delivery delays due to live-action production shutdowns.
- Lower TV and Film revenues.
- Lower Family Brands revenue.
- Loss of live events and associated artist promotions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income