HASBRO Reports 9.6% Decrease in Q2 FY2023 Revenue of USD 1210.0 Million
August 20, 2023
🌥️Earnings Overview
On August 3 2023, HASBRO ($NASDAQ:HAS) released their earnings report for the second quarter of FY2023 (ending June 30 2023); total revenue for the quarter was USD 1210.0 million, a decline of 9.6% from the same period of the prior year. Reported net income for the quarter was a loss of USD 235.0 million, compared to net income of USD 142.0 million in the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of HASBRO‘s fundamentals and has identified that the company is a high risk investment from both a financial and business standpoint. While its financials remain strong, there are two risk warnings detected in its balance sheet and non-financial indicators that should be taken into consideration. To learn more about these risk warnings, interested investors can register on goodwhale.com for further details. It is important to note that while HASBRO may be a high risk investment, it may also be a worthwhile opportunity for those willing to take the chance. A thorough investigation of the company’s financials and non-financial indicators should be conducted in order to make an informed decision as to whether or not to invest in HASBRO. GoodWhale’s analysis can serve as a helpful resource in this regard. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. HASBRO_Reports_9.6_Decrease_in_Q2_FY2023_Revenue_of_USD_1210.0_Million”>More…
| Total Revenues | Net Income | Net Margin |
| 5.57k | -256.8 | -1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hasbro. HASBRO_Reports_9.6_Decrease_in_Q2_FY2023_Revenue_of_USD_1210.0_Million”>More…
| Operations | Investing | Financing |
| 344.3 | -216.2 | -529.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hasbro. HASBRO_Reports_9.6_Decrease_in_Q2_FY2023_Revenue_of_USD_1210.0_Million”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.61k | 6.14k | 17.61 |
Key Ratios Snapshot
Some of the financial key ratios for Hasbro are shown below. HASBRO_Reports_9.6_Decrease_in_Q2_FY2023_Revenue_of_USD_1210.0_Million”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | -37.7% | -1.2% |
| FCF Margin | ROE | ROA |
| 2.4% | -1.6% | -0.5% |
Peers
Hasbro Inc is a publicly traded company that designs, manufactures, and markets games and toys. The company operates in three segments: US and Canada, International, and Entertainment and Licensing. Hasbro has a portfolio of brands that includes NERF, MONOPOLY, MAGIC: THE GATHERING, MY LITTLE PONY, TRANSFORMERS, PLAY-DOH, and SESAME STREET. The company’s competitors include Spin Master Corp, Huayi Tencent Entertainment Co Ltd, and BANDAI NAMCO Holdings Inc.
– Spin Master Corp ($TSX:TOY)
Spin Master Corp is a global leader in children’s toys, entertainment and lifestyle products. The company has a market cap of 4.57B as of 2022 and a Return on Equity of 21.64%. Spin Master Corp’s products include some of the world’s most popular toy brands, such as Paw Patrol, Hatchimals and Zoomer. The company’s products are available in over 100 countries and its mission is to inspire the next generation of play.
– Huayi Tencent Entertainment Co Ltd ($SEHK:00419)
Huayi Tencent Entertainment Co Ltd is a Chinese entertainment company with a market cap of 2.05 billion as of 2022. The company has a return on equity of -28.77%. The company is involved in the production, distribution, and exhibition of films and television programs in China. The company also operates an online game platform and a social networking website.
– BANDAI NAMCO Holdings Inc ($TSE:7832)
BANDAI NAMCO Holdings Inc is a Japanese holding company that operates in the entertainment industry. It has a market cap of 2.16T as of 2022 and a return on equity of 16.4%. The company was founded in 1955 and is headquartered in Tokyo, Japan. BANDAI NAMCO Holdings is engaged in the development, production, and marketing of toys, games, and other entertainment products. The company’s products are sold in over 40 countries worldwide.
Summary
HASBRO reported a 9.6% decrease in total revenue for the second quarter of FY2023, with a total of USD 1210.0 million. This resulted in a net loss of USD 235.0 million compared to net income of USD 142.0 million for the same period of the prior year. Investors should consider the impact of this financial performance as they evaluate HASBRO’s stock value and assess the company’s future performance.
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