NASDAQ$HAS

Hasbro Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in net revenues and adjusted operating profit, overcoming tough comparisons within the Partner Brand category and last year's theatrical releases.

Hasbro reported a 4% increase in net revenues to $1.72 billion for the fourth quarter of 2020. Adjusted operating profit increased 51% to $261.4 million, or 15.2% of revenues. Net earnings for the fourth quarter were $105.2 million, or $0.76 per diluted share.

  • Net revenues increased 4% to $1.72 billion, including a favorable $12.2 million impact of foreign exchange.
  • U.S. and Canada segment revenues up 16%; eOne segment revenues up 10%.
  • Revenues up 21% in Hasbro Gaming and 27% across the total gaming category, 20% in TV/Film/Entertainment and 7% in Franchise Brands.
  • Adjusted operating profit increased 51% to $261.4 million, or 15.2% of revenues, an expansion of 480 basis points year-over-year.

Headline financials

Total Revenue

$1.72B

Previous: $1.43B+20.7%
EPS (adj)

$1.27

Previous: $1.24+2.4%
Adj. operating margin

15.2%

Previous: 14.6%+4.1%
Capital Expenditures

$33.7M

Previous: $42.8M-21.3%
Free Cash Flow

$448M

Previous: $221M+103.2%
Net Income

$105M

Previous: $267M-60.7%
Operating Income

$186M

Previous: $190M-2.1%
Gross Profit

$947M

Previous: $695M+36.2%
Cash & Equivalents

$1.45B

Previous: $4.58B-68.4%
Total Assets

$10.8B

Previous: $8.86B+22.2%
Stock-Based Comp

$9.73M

Previous: $3.26M+198.8%

Revenue & EPS history

Hasbro · Revenue · Quarterly

$1.72B

Q4 2020+20.7%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Hasbro · $1B total across 3 segments · Q1 2026

  • Wizards of the Coast and Digital Gaming
    $582M
  • Consumer Products
    $398M
  • Entertainment
    $20.3M

Forward guidance

Hasbro is on strong footing to grow in 2021 as it continues to navigate through COVID-19 and leverage its unparalleled portfolio of brands and capabilities in consumer products, gaming and entertainment.

Tailwinds

  • Strong retail, consumer and audience support for brands and content
  • Global point of sale increased last year, despite lockdowns and retail disruption
  • 2021 is starting with strong year-over-year momentum
  • Robust development slate of over 200 active scripted television and film projects including more than 30 Hasbro properties
  • Developing toy and game lines for valuable preschool brands PEPPA PIG and PJ MASKS to launch later this year.

Headwinds

  • Navigating through COVID-19
  • COVID-19 related shutdowns globally at retail
  • COVID-19 related shutdowns in manufacturing
  • COVID-19 related shutdowns in live-action entertainment
  • Impact of COVID-19 on TV and Film revenues

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 Q4 2020

Historical avgQ4 2020

+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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