Hasbro (HAS) Tops Q2 EPS by 2c

Hasbro (NASDAQ: HAS) reported Q2 EPS of $0.41, $0.02 better than the analyst estimate of $0.39. Revenue for the quarter came in at $878.9 million versus the consensus estimate of $858.97 million.

“Hasbro’s focus on building brands, telling great stories, and creating the best play experiences in toys, games, digital gaming and consumer products is driving strong consumer and retailer demand for our brands globally,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “The excellent execution of our team continues to deliver revenue and earnings growth, while we are investing in elevating our talent and capabilities around our Brand Blueprint. Our initiatives for the second half of the year feature innovative offerings for Hasbro Franchise Brands and Partner Brands, including newly announced products such as FURBY CONNECT and SPEAK OUT, and support for upcoming major feature films, Lucasfilm’s Rogue One: A Star Wars Story and DreamWorks’ Trolls.”

“After a strong start to 2016, the team delivered another high quality quarter with revenue, operating profit and earnings growth,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “We remain very focused on strategically investing to drive long-term growth and the execution of our strategy, while improving efficiencies and profitability over time. Our balance sheet is strong, including high quality inventory to meet our expectations for the year, and $924 million in cash. We have the financial strength to invest in growing Hasbro for the long-term while continuing our long-standing commitment of returning cash to shareholders.”

For earnings history and earnings-related data on Hasbro (HAS) click here.

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