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Although the revenue and EPS for Hasbro (HAS) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hasbro Inc (NASDAQ:HAS), the toys and board game maker, is preparing to open 9.5% higher on Wednesday after it beat profit estimates and experienced a smaller-than-anticipated drop in sales. Sales at the Monopoly and Nerf owner fell by around 24% to US$757.3 million during the first quarter, improving on Wall Street guidance of a 26.2% drop to US$738.6 million.
Hasbro easily beats quarterly estimates for earnings and sales.
Hasbro Inc. HAS, +4.01% said Wednesday it swung to better-than expected first-quarter profit and revenue as it reported “solid progress in our turnaround efforts.” Hasbro said it earned $58.2 million, or 42 cents a share in the first quarter, after it lost $22.1 million, or 16 cents a share in the year-ago quarter.
Hasbro's (HAS) fiscal first-quarter top line is likely to reflect soft contributions from its Consumer Products and Entertainment segments.
Hasbro (HAS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors interested in stocks from the Toys - Games - Hobbies sector have probably already heard of Mattel (MAT) and Hasbro (HAS). But which of these two stocks presents investors with the better value opportunity right now?
Hasbro's (HAS) performance benefits from strategic sales-boosting initiatives and improving gaming demand. However, declining trends in segmental performances and high costs hurt prospects.
PAWTUCKET, R.I.--(BUSINESS WIRE)---- $HAS #HAS--Hasbro, Inc. (NASDAQ: HAS) announced today that the company's first quarter financial results will be released before the market open on Wednesday, April 24, 2024. Hasbro will webcast its first quarter 2024 earnings conference call at 8:30 a.m. Eastern Time. Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on Hasbro's Investor Relations website at ht.
It's been decades since I last played Monopoly, but the board game comes to mind when contemplating the commentary of the members of the Monetarist School. Consider the play money that comes with the game.