Hasbro (HAS) PT Raised to $112 at MKM Partners
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Hasbro Reports Revenue, Operating Profit and Earnings Per Share Growth for the First Quarter 2019
April 23, 2019 6:30 AM EDTFirst quarter 2019 revenues increased 2% to $732.5 million; Absent a negative $24.3 million impact of foreign exchange, first quarter 2019 revenues grew 6% Revenues increased 1% in the U.S. and Canada segment and 24% in the Entertainment, Licensing and Digital segment; International segment revenues declined 2%, but increased 6% absent a negative $23.4 million impact of foreign exchange Franchise Brands revenue increased 9%; Hasbro Gaming up 2%; Emerging Brands up 22%; and Partner Brand revenues declined 14% Operating profit increased to $36.1 million or 4.9% of revenues Net earnings increased to $26.7 million or $0.21 per diluted share... More
