NASDAQ$HAS
Hasbro Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Hasbro's Q4 2022 financial results were reported, showing a revenue decrease of 17% year-over-year, but adjusted operating profit increased by 22%.
Hasbro reported Q4 2022 revenues of $1.68 billion, a 17% decrease year-over-year. The company experienced an operating loss of $125.7 million, but adjusted operating profit increased by 22% to $269.2 million. Despite the revenue decline, MAGIC: THE GATHERING became Hasbro's first billion-dollar brand, and Wizards of the Coast and Digital Gaming had another record year.
- Q4 revenue decreased by 17% year-over-year to $1.68 billion.
- MAGIC: THE GATHERING reached $1 billion in revenue, becoming Hasbro's first billion-dollar brand.
- Adjusted operating profit increased by 22% to $269.2 million.
- The company is implementing Blueprint 2.0 with a focus on innovation, data-driven investment, and cost management.
Headline financials
Revenue & EPS history
Hasbro · Revenue · Quarterly
$1.68B
Revenue by segment
Hasbro · $1.34B total across 2 segments · Q4 2022
- Consumer Products$1B-25.9%75.0%
- Entertainment$335M-11.8%25.0%
Forward guidance
The Company's full-year 2023 guidance includes revenue down low-single digits; Adjusted operating profit margin expansion of 50 to 70 basis points, excluding Operational Excellence charges and other non-GAAP items; Adjusted earnings per diluted share in the range of $4.45 to $4.55; Adjusted EBITDA approximately flat with 2022 Adjusted EBITDA; Operating cash flow in the range of $600 to $700 million.
Tailwinds
- Revenue down low-single digits
- Adjusted operating profit margin expansion of 50 to 70 basis points, excluding Operational Excellence charges and other non-GAAP items
- Adjusted earnings per diluted share in the range of $4.45 to $4.55
- Adjusted EBITDA approximately flat with 2022 Adjusted EBITDA
- Operating cash flow in the range of $600 to $700 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 Q4 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
| Quarter | Report date | Reaction (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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