Categories AlphaGraphs, Earnings, Leisure & Entertainment
HAS Earnings: Key quarterly highlights from Hasbro’s Q1 2023 financial results
Hasbro, Inc. (NASDAQ: HAS) reported its first quarter 2023 earnings results today.
Net revenues decreased 14% year-over-year to $1 billion.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2023/04/Hasbro-Q1-2023-Earnings-Infographic-649x1024.jpg)
On a GAAP basis, the company reported a net loss of $22.1 million, or $0.16 per share, compared to a net income of $61.2 million, or $0.44 per share, in the year-ago period. Adjusted EPS dropped 98% to $0.01.
Revenues beat estimates while earnings matched expectations.
The company expects revenue to be down low single digits and adjusted EPS to be $4.45-4.55 in FY2023.
Prior performance
![Hasbro-Q4-2022-Earnings-Infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2023/02/Hasbro-Q4-2022-Earnings-Infographic-649x1024.jpg)
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