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Hasbro, Inc. (HAS) SEC Filing 10-Q Quarterly Report for the period ending Sunday, March 28, 2021

Hasbro Inc

CIK: 46080 Ticker: HAS

EXHIBIT 99.1
hasbro20logo1.jpg
For Immediate Release

Hasbro Reports First Quarter 2021 Financial Results
Growth in revenue, operating profit and earnings per share
First quarter 2021 revenues were $1.11 billion, up 1%
Revenue grew 14% in the Consumer Products segment and 15% in the Wizards of the Coast and Digital Gaming segment
Entertainment segment revenue reflects expected declines in theatrical and timing of deliveries planned for later in the year
Operating profit increased to $147.3 million or 13.2% of revenues; Net earnings grew to $116.2 million or $0.84 per diluted share
Adjusted operating profit increased 15% to $174.1 million, or 15.6% of revenues, an expansion of 190 basis points year-over-year
Adjusted net earnings of $138.4 million, or $1.00 per diluted share
Strong cash position with quarter ending cash of $1.43 billion and first quarter operating cash flow of $377.6 million after retiring $300 million of debt due May 2021 and paying the dividend
Pawtucket, R.I., April 27, 2021 -- Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, today reported financial results for the first quarter 2021.

"The global Hasbro team executed a very good quarter, driving strong sell in and demand in the Consumer Products segment; growing both analog and digital revenues in Wizards and our licensed digital gaming business; and positioning us to deliver growth for the full year in the Entertainment segment," said Brian Goldner, Hasbro’s chairman and chief executive officer. "We continue to target full-year double-digit revenue growth for Hasbro supported by innovation and quality execution throughout the business. Across Hasbro we are focused on unlocking the full potential value of our brands and capabilities as a play and entertainment leader."
"Our first quarter started the year well," said Deborah Thomas, Hasbro’s chief financial officer. "The team delivered revenue and profit gains, as well as strong cash generation, ending the quarter with $1.43 billion in cash, after retiring $300 million in debt and paying our quarterly dividend."








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The following information was filed by Hasbro Inc (HAS) on Tuesday, April 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hasbro Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Earnings
Consolidated Statements Of Operations
Consolidated Statements Of Shareholder's Equity And Redeemable Noncontrolling Interests
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Business Combination
Business Combination (Tables)
Business Combination - Narrative (Details)
Business Combination - Schedule Of Intangible Assets Acquired (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Fair Values Of Undesignated Derivative Financial Instruments (Details)
Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments - Schedule Of Foreign Currency Forward Contracts Designated As Cash Flow Hedges (Details)
Derivative Financial Instruments - Schedule Of Net Gains (Losses) On Cash Flow Hedges Activities (Details)
Derivative Financial Instruments - Summary Of Cash Flow Hedging Instruments (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Narrative (Details)
Earnings Per Share - Schedule Of Earnings Per Share (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Fair Value Hierarchy (Details)
Fair Value Of Financial Instruments - Narrative (Details)
Fair Value Of Financial Instruments - Reconciliation Of Level 3 Fair Value (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Long-Term Debt Instruments (Details)
Financial Instruments - Narrative (Details)
Financial Instruments - Production Financing Loans (Details)
Financial Instruments - Schedule Of Line Of Credit Facilities (Details)
Financial Instruments - Schedule Of Production Financing Loan And Other Loans (Details)
Goodwill
Goodwill (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Details)
Investments In Productions And Investments In Acquired Content Rights
Investments In Productions And Investments In Acquired Content Rights (Tables)
Investments In Productions And Investments In Acquired Content Rights - Program Costs Amortization (Details)
Investments In Productions And Investments In Acquired Content Rights - Program Production Costs (Details)
Leases
Leases (Tables)
Leases - Lease Cost (Details)
Leases - Maturities Of Operating Lease Liabilities (Details)
Leases - Narrative (Details)
Other Comprehensive Earnings (Loss)
Other Comprehensive Earnings (Loss) (Tables)
Other Comprehensive Earnings (Loss) - Narrative (Details)
Other Comprehensive Earnings (Loss) - Schedule Of Accumulated Other Comprehensive Earnings (Loss) (Details)
Other Comprehensive Earnings (Loss) - Schedule Of Other Comprehensive Income (Loss) (Details)
Restructuring Actions
Restructuring Actions (Tables)
Restructuring Actions - Narrative (Details)
Restructuring Actions - Schedule Of Restructuring And Related Costs (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contract Assets And Liabilities (Details)
Revenue Recognition - Narrative (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Narrative (Details)
Segment Reporting - Net Revenues By Brand And Entertainment Segment (Details)
Segment Reporting - Net Revenues By Segment (Details)
Segment Reporting - Operating Profit (Loss) By Segments (Details)
Segment Reporting - Schedule Of International Segment Net Revenues By Major Geographic Region (Details)
Segment Reporting - Total Assets By Segments (Details)
Subsequent Event
Subsequent Event (Details)
Ticker: HAS
CIK: 46080
Form Type: 10-Q Quarterly Report
Accession Number: 0000046080-21-000053
Submitted to the SEC: Thu Apr 29 2021 12:51:23 PM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Sunday, March 28, 2021
Industry: Games Toys And Childrens Vehicles No Dolls And Bicycles

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