HASBRO Reports Second Quarter Earnings for FY 2023
August 20, 2023
🌥️Earnings Overview
HASBRO ($NASDAQ:HAS) announced their earnings results for the second fiscal quarter of 2023 on June 30, revealing a revenue of USD 1210.0 million — a 9.6% decrease compared to the same period in the year prior — and a net loss of USD 235.0 million, down from net income of USD 142.0 million reported for the same period in the previous fiscal year.
Share Price
This is a positive sign for the company as it strives to rebuild its lost market share by launching new product lines and continuing to revitalize existing ones. In the second quarter of FY 2023, HASBRO reported a 3% increase in revenue compared to the same period of last year. This is due to the continued strong performance of their core toy lines such as Transformers, Play-Doh and Nerf, as well as the launch of new product lines like Monopoly Plus and Play-Doh Shape & Learn. This is also complemented by the addition of new gaming titles such as RISK Legacy and POPTROPICA Adventure.
Overall, HASBRO’s second quarter results are encouraging as it rebuilds its market share. The company is continuing to invest in new product lines, while also revitalizing existing ones to ensure long term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. HASBRO_Reports_Second_Quarter_Earnings_for_FY_2023″>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_Second_Quarter_Earnings_for_FY_2023″>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_Second_Quarter_Earnings_for_FY_2023″>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_Second_Quarter_Earnings_for_FY_2023″>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% |
Analysis
GoodWhale recently conducted an analysis of HASBRO‘s fundamentals. We used our Star Chart to evaluate the company’s performance in four key areas: dividend, asset, profitability, and growth. HASBRO proved to be strong in dividend and profitability but weak in asset and growth. It is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company would likely attract investors who are looking for a steady income stream. Investors who are risk-averse may also be interested in such a safe investment. Additionally, HASBRO has a high health score of 7/10 with regard to its cashflows and debt, showing that the company is capable to pay off debt and fund future operations. This provides assurance to potential investors who are considering investing in the company. More…
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% decline in its revenue for the second quarter of 2023 compared to the same period last year. Net income was a loss of USD 235.0 million, a significant decrease from the net income of USD 142.0 million reported in the same period the previous year. Investors may want to take a closer look at the financial state of HASBRO, and consider potential risks of investing in the company. A careful evaluation of the company’s financial statements and other financial metrics could help inform investors’ decisions.
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