HASBRO Reports Second Quarter Earnings Results for FY2023
August 6, 2023
🌥️Earnings Overview
HASBRO ($NASDAQ:HAS): The company’s net income for the period also decreased, from USD 142.0 million to USD -235.0 million compared to the same period in the previous year.
Market Price
On Thursday, HASBRO reported their second quarter earnings results for FY2023. The stock opened at a price of $66.0 and closed at a price of $65.1, indicating a 1.1% growth from the previous closing price of $64.4. These earnings results indicate that the toy and game manufacturing giant is continuing to perform well despite economic challenges and uncertainty this year. The impressive second-quarter earnings report shows that HASBRO continues to be one of the most reliable investments in the market.
Their impressive portfolio of products, such as board games, action figures, stuffed animals, dolls, and more continues to be popular among consumers. Alongside strong digital partnerships with businesses like Amazon and Target, HASBRO is able to reach more customers than ever before. Investors are confident that HASBRO will remain one of the top players in the industry and continue to perform well in upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hasbro. 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. 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. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.61k | 6.14k | 17.82 |
Key Ratios Snapshot
Some of the financial key ratios for Hasbro are shown below. 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
At GoodWhale, we conducted an analysis of HASBRO‘s wellbeing. Our Star Chart showed that HASBRO has a high health score of 8/10 when considering its cashflows and debt. This score indicates that the company is in a strong and secure position, capable of sustaining its operations during times of crisis. Based on our analysis, we classified HASBRO as a ‘cow’, a type of company that has demonstrated its ability to pay out consistent and sustainable dividends. Companies like HASBRO are attractive to value investors, who prefer to invest in firms with predictable and reliable earnings. Finally, HASBRO stands out in terms of dividend yield and profitability, although it is weaker in terms of asset growth. Therefore, HASBRO is an ideal candidate for investors who seek high dividend yields and reliable profits. 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’s second quarter earnings for the fiscal year 2023 showed a 9.6% drop in total revenue compared to the same period in the prior year, resulting in a net income of -$235 million. Analysts say this is likely due to a decreased demand for toys and games amid the coronavirus pandemic, leading to fewer sales. Investors may want to consider taking a more conservative approach with their HASBRO investments, as the future of the company is uncertain given the current economic conditions.
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