Hasbro said consolidated net revenues for fiscal 2024 were $4,135.5 million, a 17.3% decrease from $5,003.3 million in the prior year. The company cited as factors a 88% decline in the Entertainment segment due to the sale of the eOne Film and TV business and a 12% decline in the Consumer Products segment.

10-KAnnual reportFiled Feb 27, 2025Period of report Dec 29, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Hasbro said consolidated net revenues for fiscal 2024 were $4,135.5 million, a 17.3% decrease from $5,003.3 million in the prior year. The company cited as factors a 88% decline in the Entertainment segment due to the sale of the eOne Film and TV business and a 12% decline in the Consumer Products segment.
Hasbro said cost of sales was $1,179.5 million, representing 28.5% of net revenues, down from 34.1% in the prior year, and program cost amortization decreased to $49.3 million from $448.9 million in the prior year. The company cited the impact of the sale of the eOne Film and TV business as a factor in the program cost amortization decrease.
Hasbro said it recognized income tax expense of $102.6 million on pre-tax income of $497.0 million in fiscal 2024, compared to an income tax benefit of $221.3 million on pre-tax loss of $1,709.1 million in the prior year. The company explained that there was no corresponding tax benefit for an unfavorable adjustment of $37.4 million to the loss on sale of the Film & TV business in fiscal 2023.
Hasbro said cash flows provided by operating activities in fiscal 2024 were $847.4 million, compared to $725.6 million in the prior year. The company said it issued 2034 Notes for $500.0 million, used proceeds from the 2034 Notes issuance along with existing cash to repay 2024 Notes of $500.0 million, and paid dividends of $389.9 million.

Key figures

Fiscal year ended December 29, 2024

Revenue: $4.1B
Operating income: $690M
Net income: $386M
EPS: $2.75
Operating cash flow: $847M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Consolidated net revenues down 17.3%

Hasbro said consolidated net revenues for fiscal 2024 were $4,135.5 million, a 17.3% decrease from $5,003.3 million in the prior year. The company cited as factors a 88% decline in the Entertainment segment due to the sale of the eOne Film and TV business and a 12% decline in the Consumer Products segment.

Source · Based on the MD&A text of the filing

Cost of sales and program cost amortization decline

Hasbro said cost of sales was $1,179.5 million, representing 28.5% of net revenues, down from 34.1% in the prior year, and program cost amortization decreased to $49.3 million from $448.9 million in the prior year. The company cited the impact of the sale of the eOne Film and TV business as a factor in the program cost amortization decrease.

Source · Based on the MD&A text of the filing

Pre-tax income $497.0 million, income tax expense $102.6 million

Hasbro said it recognized income tax expense of $102.6 million on pre-tax income of $497.0 million in fiscal 2024, compared to an income tax benefit of $221.3 million on pre-tax loss of $1,709.1 million in the prior year. The company explained that there was no corresponding tax benefit for an unfavorable adjustment of $37.4 million to the loss on sale of the Film & TV business in fiscal 2023.

Source · Based on the MD&A text of the filing

Operating cash flow and debt issuance and repayment

Hasbro said cash flows provided by operating activities in fiscal 2024 were $847.4 million, compared to $725.6 million in the prior year. The company said it issued 2034 Notes for $500.0 million, used proceeds from the 2034 Notes issuance along with existing cash to repay 2024 Notes of $500.0 million, and paid dividends of $389.9 million.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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