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Hasbro said revenue for Q2 2024 fell 18%, mainly due to the eOne divestiture, and excluding the divestiture, fell 6%. GAAP operating profit was $212 million, and operating margin was 21.3%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Hasbro said revenue for Q2 2024 fell 18%, mainly due to the eOne divestiture, and excluding the divestiture, fell 6%. GAAP operating profit was $212 million, and operating margin was 21.3%.

  2. The company said adjusted operating profit for Q2 2024 was $249 million, and adjusted operating margin was 25.0%. Reported diluted earnings per share were $0.99, and adjusted diluted earnings per share were $1.22.

  3. Hasbro said revenue for the Wizards of the Coast and Digital Gaming segment rose 20% in Q2, while Consumer Products fell 20% and Entertainment fell 90%. Excluding the eOne divestiture, Entertainment declined 30%.

  4. The company raised its full-year outlook and gave Total Hasbro Adjusted EBITDA of $975 million to $1.025 billion. The board declared a quarterly cash dividend of $0.70 per share, payable on September 4, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue Down 18% as Operating Profit Changes

Hasbro said revenue for Q2 2024 fell 18%, mainly due to the eOne divestiture, and excluding the divestiture, fell 6%. GAAP operating profit was $212 million, and operating margin was 21.3%.

Source · Based on the filing body and exhibits

Q2 Adjusted Operating Profit and Diluted EPS

The company said adjusted operating profit for Q2 2024 was $249 million, and adjusted operating margin was 25.0%. Reported diluted earnings per share were $0.99, and adjusted diluted earnings per share were $1.22.

Source · Based on the filing body and exhibits

Q2 Segment Revenue Changes

Hasbro said revenue for the Wizards of the Coast and Digital Gaming segment rose 20% in Q2, while Consumer Products fell 20% and Entertainment fell 90%. Excluding the eOne divestiture, Entertainment declined 30%.

Source · Based on the filing body and exhibits

Full-Year Outlook and Quarterly Dividend

The company raised its full-year outlook and gave Total Hasbro Adjusted EBITDA of $975 million to $1.025 billion. The board declared a quarterly cash dividend of $0.70 per share, payable on September 4, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.