Hasbro Q4 2020 Earnings Report
Key Takeaways
Hasbro reported a 4% increase in net revenues to $1.72 billion for the fourth quarter of 2020. Adjusted operating profit increased 51% to $261.4 million, or 15.2% of revenues. Net earnings for the fourth quarter were $105.2 million, or $0.76 per diluted share.
Net revenues increased 4% to $1.72 billion, including a favorable $12.2 million impact of foreign exchange.
U.S. and Canada segment revenues up 16%; eOne segment revenues up 10%.
Revenues up 21% in Hasbro Gaming and 27% across the total gaming category, 20% in TV/Film/Entertainment and 7% in Franchise Brands.
Adjusted operating profit increased 51% to $261.4 million, or 15.2% of revenues, an expansion of 480 basis points year-over-year.
Hasbro
Hasbro
Hasbro Revenue by Geographic Location
Forward Guidance
Hasbro is on strong footing to grow in 2021 as it continues to navigate through COVID-19 and leverage its unparalleled portfolio of brands and capabilities in consumer products, gaming and entertainment.
Positive Outlook
- Strong retail, consumer and audience support for brands and content
- Global point of sale increased last year, despite lockdowns and retail disruption
- 2021 is starting with strong year-over-year momentum
- Robust development slate of over 200 active scripted television and film projects including more than 30 Hasbro properties
- Developing toy and game lines for valuable preschool brands PEPPA PIG and PJ MASKS to launch later this year.
Challenges Ahead
- Navigating through COVID-19
- COVID-19 related shutdowns globally at retail
- COVID-19 related shutdowns in manufacturing
- COVID-19 related shutdowns in live-action entertainment
- Impact of COVID-19 on TV and Film revenues
Revenue & Expenses
Visualization of income flow from segment revenue to net income