Last10K.com

Hasbro, Inc. (HAS) SEC Filing 10-Q Quarterly Report for the period ending Sunday, March 27, 2022

Hasbro Inc

CIK: 46080 Ticker: HAS

EXHIBIT 99.1
hasbro20logo.jpg

For Immediate Release

Hasbro Reports First Quarter 2022 Financial Results

Revenue growth in all segments highlighting strength of the Brand Blueprint
Company provides updated full-year guidance including mid-single digit
adjusted operating profit growth

First Quarter 2022
Net revenues increased 4% to $1.16 billion
Revenues up 6% absent an unfavorable $17.4 million impact of foreign exchange
Wizards of the Coast and Digital Gaming segment revenues up 9%; up 10% absent the impact of foreign exchange
Consumer Products segment revenues up 3%; up 5% absent the impact of foreign exchange
Entertainment segment revenues up 4%; up 5% absent the impact of foreign exchange
Entertainment segment revenues increased 22% excluding the Music business which was sold in the beginning of the third quarter 2021

Operating profit of $120.0 million, or 10.3% of revenues
Adjusted operating profit of $141.8 million, or 12.2% of revenues

Net earnings of $61.2 million, or $0.44 per diluted share
Adjusted net earnings of $79.4 million, or $0.57 per diluted share

EBITDA of $174.0 million
Adjusted EBITDA of $192.1 million

Strong cash position with quarter-end cash of $1.06 billion
Paid $94.5 million in dividends to shareholders during the quarter
Plan to repurchase $75 to $150 million of Hasbro common stock in the open market during 2022

Pawtucket, R.I., April 19, 2022
-- Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, today reported financial results for the first quarter 2022.

"The Hasbro teams executed well in the first quarter, growing revenue across segments and positioning us to increase our profit outlook for the year. Based on our current plans, we now believe mid-single digit adjusted operating profit growth and a 16% adjusted operating profit margin is achievable on revenue growth of low-single digits," said Chris Cocks, Hasbro chief executive officer. "As I assumed the role of Hasbro CEO on February 25, we began a thorough review of our business with a theme of focus and scale. We are leaning into our strengths and


The following information was filed by Hasbro Inc (HAS) on Tuesday, April 19, 2022 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.

View differences made from one quarter to another to evaluate Hasbro Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Hasbro Inc.

Continue

Assess how Hasbro Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Hasbro Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
M & A
Other
Filter Subcategory:
All
Earnings
Expense
Geography
Product
Shares
Dividend
Income
Debt
Cash Flow
Other
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)
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 Production Financing Loans (Details)
Financial Instruments - Schedule Of Production Financing Loans, Currencies Denomination (Details)
Goodwill
Goodwill (Tables)
Goodwill - Narrative (Details)
Goodwill - Schedule Of Goodwill (Details)
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), Net Of Tax (Details)
Other Comprehensive Earnings (Loss) - Schedule Of Other Comprehensive Income (Loss) (Details)
Restructuring Actions
Restructuring Actions (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Contract Assets And Liabilities (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: 0000046080-22-000069
Submitted to the SEC: Wed Apr 27 2022 3:31:10 PM EST
Accepted by the SEC: Wed Apr 27 2022
Period: Sunday, March 27, 2022
Industry: Games Toys And Childrens Vehicles No Dolls And Bicycles

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/has/0000046080-22-000069.htm