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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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