NASDAQ$HAS

Hasbro Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Hasbro reported growth in revenues, operating profit, net earnings and EBITDA.

Hasbro reported strong second quarter results with revenue growth of 1% to $1.34 billion and adjusted operating profit margin expansion of 200 basis points. Wizards of the Coast had its biggest quarter ever, led by growth in tabletop gaming and MAGIC: THE GATHERING. The company also acquired D&D Beyond to enhance digital play and direct-to-fan capabilities.

  • Net revenues increased 1% to $1.34 billion.
  • Operating profit was $219.1 million, or 16.4% of revenues.
  • Net earnings increased more than 100% to $142.0 million, or $1.02 per diluted share.
  • Adjusted net earnings increased 10% to $160.6 million, or $1.15 per diluted share.

Headline financials

Total Revenue

$1.34B

Previous: $1.32B+1.3%
EPS (adj)

$1.15

Previous: $1.05+9.5%
Operating margin

16.4%

Previous: 5.8%+182.8%
Adj. operating margin

18.0%

Previous: 16.0%+12.5%
Capital Expenditures

-$75.8M

Previous: -$63.1M-20.1%
Free Cash Flow

$66.2M

Previous: -$86M+177.0%
Net Income

$142M

Previous: -$22.9M+720.1%
Operating Income

$219M

Previous: $76.6M+186.0%
Gross Profit

$928M

Previous: $977M-5.1%
Cash & Equivalents

$628M

Previous: $1.23B-48.9%
Total Assets

$9.5B

Previous: $10.1B-5.9%
Stock-Based Comp

$24.9M

Previous: $20.4M+22.1%

Revenue & EPS history

Hasbro · Revenue · Quarterly

$1.34B

Q2 2022+1.3%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Hasbro · $919M total across 2 segments · Q2 2022

  • Consumer Products
    $734M+6.5%
  • Entertainment
    $185M-18.3%

Forward guidance

Hasbro has a plan for continued growth in 2022, including low-single digit revenue growth on a constant currency basis; mid-single digit growth in operating profit to achieve adjusted operating profit margin of 16%; and operating cash flow at the low end of the range of $700 to $800 million.

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 2022

Historical avgQ2 2022

+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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