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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.
Revenue by Segment
Revenue by Geographic Location
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.
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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