Hasbro, Inc. (NASDAQ: HAS) reported its second quarter 2024 earnings results today.
Net revenues decreased 18% year-over-year to $995.3 million.
Net earnings attributable to Hasbro Inc. were $138.5 million, or $0.99 per share, compared to a net loss of $235 million, or $1.69 per share, last year. Adjusted EPS was $1.22.
Revenue and earnings beat expectations, allowing the stock to jump 9% in premarket hours on Thursday.
Revenues decreased 20% in the Consumer Products segment and 90% in the Entertainment segment, while in the Wizards of the Coast and Digital Gaming Segment, revenues grew 20%.
For the full year of 2024, the company expects Consumer Products segment revenue to be down 7-11% and Wizards of the Coast segment revenue to be down 1-3%.