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Sep 25, 2022
Hasbro Q3 2022 Earnings Report
Hasbro's Q3 2022 earnings were impacted by the acceleration of Consumer Products shipments, MAGIC: THE GATHERING set releases, and entertainment content scheduled for release in the fourth quarter.
Key Takeaways
Hasbro reported a 15% year-over-year decrease in revenue to $1.68 billion, with operating profit declining by 47% to $194.3 million. The results were impacted by the acceleration of Consumer Products shipments and the timing of MAGIC: THE GATHERING and entertainment content releases.
Revenues decreased by 15% year-over-year to $1.68 billion, or 12% on a constant currency basis.
Operating profit declined 47% to $194.3 million, or 31% on an adjusted basis.
The company is projecting flat revenue for Q4 versus last year on a constant currency basis.
Hasbro is implementing a 3-year program to drive $250-300 million per year in cost savings.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company's 2022 guidance includes full-year 2022 revenue flat to slightly down in constant currency and 16% adjusted operating profit margin, excluding Operational Excellence charge and other non-GAAP items.
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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