Hasbro (HAS) Tops Q3 EPS by 42c, Misses on Revenue; Offers Guidance

Hasbro (NASDAQ: HAS) reported Q3 EPS of $1.73, $0.42 better than the analyst estimate of $1.31. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.3 billion.

For the full year, the Company now expects:

• Consumer Products Segment revenue down 12% to 14%; Adjusted operating margin 4% to 6%.
• Wizards of the Coast and Digital Gaming Segment revenue flat to down 1%; Operating margin of approximately 42%.
• Pro-Forma Entertainment segment revenue down $15 million; Adjusted operating margin of approximately 60%.
• Total Hasbro Adjusted EBITDA of $975 million to $1.025 billion.
• Gross savings target of $750 million by year end 2025.

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

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