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Sep 26, 2021
Hasbro Q3 2021 Earnings Report
Hasbro reported strong revenue, operating profit, and earnings growth.
Key Takeaways
Hasbro reported an 11% increase in revenue to $1.97 billion, driven by strong growth in the Entertainment and Wizards of the Coast and Digital Gaming segments. Operating profit increased by 9% to $367.9 million, and net earnings rose by 15% to $253.2 million.
Third quarter revenue increased by 11% to $1.97 billion.
Entertainment segment revenue increased by 76%.
Wizards of the Coast and Digital Gaming segment revenue increased by 32%.
Operating profit increased by 9% to $367.9 million.
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
For the full year, the company continues to target double-digit revenue growth, currently expected in the range of 13% to 16%, and operating margins in line with last year's adjusted level of approximately 15%.
Positive Outlook
- Targeting double-digit revenue growth for the full year.
- Revenue growth is expected to be in the range of 13% to 16%.
- Operating margins are expected to be in line with last year's adjusted level of approximately 15%.
- Orders support the high end of the revenue growth range.
- Delivered much of what was delayed in the third quarter despite continued supply chain challenges.
Challenges Ahead
- Supply chain factors could impact the ability to fully achieve the upside.
- Consumer Products segment revenue and operating profit declined slightly.
- Global consumer point of sale declined mid-single digits as in stock levels were below targets.
- Supply chain disruption resulted in approximately $100 million of orders that were not filled in the quarter.
- Operating profit and margin were negatively impacted by the lower revenue due to shipping challenges as well as higher freight costs to facilitate product deliveries.
Revenue & Expenses
Visualization of income flow from segment revenue to net income