NASDAQ$HAS

Hasbro Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Hasbro reported strong revenue, operating profit, and earnings growth, driven by its Integrated Brand Blueprint strategy.

Hasbro reported strong Q4 2021 results with a 17% increase in net revenues to $2.01 billion. The Entertainment segment saw a 54% revenue increase, while Wizards of the Coast and Digital Gaming grew by 18%.

  • Net revenues increased 17% to $2.01 billion.
  • Entertainment segment revenues were up 54%.
  • Wizards of the Coast and Digital Gaming segment revenues increased 18%.
  • Consumer Products segment revenues grew by 9%.

Headline financials

Total Revenue

$2.01B

Previous: $1.72B+16.8%
EPS (adj)

$1.21

Previous: $1.27-4.7%
Adj. operating margin

10.9%

Previous: 15.2%-28.3%
Capital Expenditures

$34.6M

Previous: $33.7M+2.7%
Free Cash Flow

$97.7M

Previous: $448M-78.2%
Net Income

$82.2M

Previous: $105M-21.9%
Operating Income

$172M

Previous: $186M-8.0%
Gross Profit

$1.1B

Previous: $947M+16.3%
Cash & Equivalents

$1.02B

Previous: $1.45B-29.7%
Total Assets

$10B

Previous: $10.8B-7.2%
Stock-Based Comp

$41.6M

Previous: $9.73M+327.4%

Revenue & EPS history

Hasbro · Revenue · Quarterly

$2.01B

Q4 2021+16.8%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Hasbro · $1.74B total across 2 segments · Q4 2021

  • Consumer Products
    $1.36B
  • Entertainment
    $380M

Forward guidance

The Company has a plan for continued growth in 2022, including revenue and operating profit growth at a low-single digit rate for the year, and operating cash flow in the range of $700 to $800 million.

Tailwinds

  • Continued growth in 2022
  • Revenue growth at a low-single digit rate
  • Operating profit growth at a low-single digit rate
  • Operating cash flow in the range of $700 to $800 million
  • Significant initiatives to be executed across the Brand Blueprint in 2023

Headwinds

  • Supply chain challenges
  • Higher input costs
  • Higher freight costs
  • Uncertainty in global economic conditions
  • Potential impacts from regulatory changes

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 2021

Historical avgQ4 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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