NASDAQ$HAS

Hasbro Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Hasbro's Q2 2021 earnings report showed significant growth, with revenue, operating profit, EBITDA, and EPS all increasing.

Hasbro reported strong second-quarter results, with revenue up 54% year-over-year to $1.32 billion. The company saw growth across all segments, with Wizards of the Coast and Digital Gaming more than doubling and Consumer Products and Entertainment also showing significant increases. Adjusted operating profit more than quadrupled, and the company ended the quarter with a strong cash position.

  • Revenue increased by 54% compared to Q2 2020, reaching $1.32 billion.
  • The Wizards of the Coast and Digital Gaming segment more than doubled its revenue.
  • Adjusted operating profit quadrupled, demonstrating improved profitability.
  • A strong cash position was maintained, with $1.23 billion in cash on hand at the end of the quarter.

Headline financials

Total Revenue

$1.32B

Previous: $860M+53.7%
EPS (adj)

$1.05

Previous: $0.02+5150.0%
Operating margin

5.8%

No prior period
Adj. operating margin

16.0%

No prior period
Capital Expenditures

-$63.1M

Previous: -$64M+1.4%
Free Cash Flow

-$86M

Previous: -$97.9M+12.2%
Net Income

-$22.9M

Previous: -$33.9M+32.5%
Operating Income

$76.6M

Previous: $2.18M+3421.8%
Gross Profit

$977M

Previous: $607M+61.0%
Cash & Equivalents

$1.23B

Previous: $1.04B+18.3%
Total Assets

$10.1B

Previous: $10.2B-1.2%
Stock-Based Comp

$20.4M

Previous: $15.4M+32.2%

Revenue & EPS history

Hasbro · Revenue · Quarterly

$1.32B

Q2 2021+53.7%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hasbro · $916M total across 2 segments · Q2 2021

  • Consumer Products
    $689M
  • Entertainment
    $227M

Forward guidance

Hasbro expects double-digit revenue growth for the full year and is positioned for profitable growth in the future.

Tailwinds

  • Demand remains robust for Hasbro toys and games.
  • Entertainment revenue grew with strong deliveries.
  • The Hasbro team is performing at a high level.
  • The company is Supercharging our Brand Blueprint to drive demand for our brands and content slate.
  • Position us for profitable growth not just this year but also in future years.

Headwinds

  • The company is managing the negative impact of the coronavirus on our business.
  • The company is managing increased shipping costs due to shipping delays or changes in method of shipping.
  • The company is managing increases in prices of raw materials or other increases in costs of our products.
  • The company is managing potential and enacted tariffs imposed on our products.
  • Global consumer point of sale declined mid-single digits.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+2.0%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-0.1%

Avg return

30 days after

64%

44 / 69 earnings

Positive

+17.1%

Q1 2019

Best reaction

-17.3%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-9.2%-13.3%
Q4 2025+7.5%+5.9%-1.7%
Q3 2025+3.7%+3.7%+5.4%
Q2 2025-1.0%-1.6%+5.5%
Q1 2025+14.6%+16.9%+24.9%
Q4 2024+13.0%+12.1%-0.9%
Q3 2024-5.6%-6.7%-11.1%
Q2 2024+7.5%+10.2%+14.5%
Q1 2024+11.7%+10.6%+4.3%
Q4 2023+2.7%-1.0%+3.3%
Q3 2023-16.3%-17.5%-15.7%
Q2 2023-1.0%+2.0%+13.1%
Q1 2023+15.2%+13.9%+16.8%
Q4 2022+1.7%-3.4%-17.8%
Q3 2022-4.2%-3.3%-13.7%
Q2 2022+2.4%+2.2%+4.0%
Q1 2022+6.2%+5.3%+3.9%
Q4 2021-1.7%+0.5%-4.2%
Q3 2021+6.9%+8.2%+12.3%
Q2 2021+9.7%+7.6%+6.5%
Q1 2021+1.0%+2.5%-1.1%
Q4 2020-6.7%-6.0%-0.5%
Q3 2020-7.5%-10.1%+0.2%
Q2 2020-6.7%-6.2%+2.4%
Q1 2020-7.3%-11.3%-5.6%
Q4 2019-2.7%-3.2%-46.7%
Q3 2019-17.3%-20.1%-20.6%
Q2 2019+12.3%+14.0%+5.4%
Q1 2019+17.1%+16.4%+11.1%
Q4 2018-1.5%-0.3%-3.5%
Q3 2018-4.1%-5.4%-3.9%
Q2 2018+7.6%+7.9%+7.0%
Q1 2018+4.2%+5.5%+6.0%
Q4 2017+2.7%+2.9%-2.6%
Q3 2017-5.3%-1.1%-3.2%
Q2 2017-8.3%-8.8%-19.0%
Q1 2017+5.8%+3.2%+8.3%
Q4 2016+14.9%+18.2%+17.9%
Q3 2016+6.9%+8.7%+12.0%
Q2 2016-5.2%-6.0%-5.2%
Q1 2016+5.6%
Q4 2015-2.9%
Q3 2015-6.2%
Q2 2015+2.8%
Q1 2015+11.6%
Q4 2014+10.5%
Q3 2014+7.2%
Q2 2014-2.9%
Q1 2014+1.3%
Q4 2013+4.6%
Q3 2013+5.8%
Q2 2013+5.4%
Q1 2013+6.1%
Q4 2012+4.4%
Q3 2012-5.8%
Q4 2011+3.1%
Q2 2012+3.3%
Q1 2012+1.6%
Q3 2011+2.7%
Q2 2011-0.7%
Q1 2010+0.8%
Q1 2011-1.0%
Q4 2010-2.2%
Q4 2008-2.2%
Q3 2009+0.2%
Q3 2010+0.2%
Q4 2009+3.0%
Q2 2009+3.0%
Q2 2010+3.0%

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