Hasbro, Inc. (NASDAQ: HAS) reported fourth quarter 2022 earnings results today.
Net revenues of $1.68 billion were down 17% year-over-year. On a constant currency basis, revenue was down 14%.
The company reported a net loss of $128.9 million, or $0.93 per share, compared to net income of $82.2 million, or $0.59 per share, last year. Adjusted EPS rose 8% to $1.31.
Revenues matched estimates while adjusted EPS surpassed projections.
For the full year of 2023, revenue is expected to be down in the low single digits.
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