Categories AlphaGraphs, Earnings, LATEST, Other Industries

Hasbro Q2 profit dips 78% but tops estimates

Hasbro Inc. (NASDAQ: HAS) reported a 78% dip in earnings for the second quarter of 2019 due to a charge related to the settlement of pension plan liability. However, the results exceeded analysts’ expectations.

Net income plunged by 78% to $13.4 million or $0.11 per share. Adjusted earnings climbed by 65% to $99.3 million or $0.78 per share for the latest quarter.

Net revenues increased by 9% to $984.5 million. Excluding a negative $20.7 million impact of foreign exchange, revenues for the second quarter of 2019 grew by 11%.

Hasbro Q2 profit dips 78% but tops estimates

Revenue from US and Canada segment increased by 14% year-over-year as growth in Franchise Brands, Partner Brands and Emerging Brands partially offset decline in Hasbro Gaming. Driving the growth in the segment was an increase in Magic: The Gathering tabletop revenue from strong game releases in the second quarter.

Revenue from International segment declined by 1% as decline in Hasbro Gaming offset gains in Franchise and Emerging Brand. However, Entertainment, Licensing and Digital segment revenues increased 28% backed by digital gaming, primarily Magic: The Gathering Arena.

Franchise Brands revenue rose by 14% driven by growths in all three operating segments. Partner Brands revenue rose 3% on increases in Marvel’s Avengers and Spider-Man franchises, including Hasbro product supporting Avengers: End Game and Spider-Man: Far From Home.

Also read: Boeing Q2 earnings preview

Hasbro Gaming revenue decreased 8% due to declines in other games, including Pie Face and Duel Masters. Emerging Brands revenue jumped by 28% backed by shipments of Power Rangers, and revenue gains in Furreal Friends and Playskool, including Mr. Potato Head.

The company paid $85.6 million in cash dividends to shareholders during the second quarter 2019. The next quarterly cash dividend payment of $0.68 per common share is scheduled for August 15, 2019 to shareholders of record at the close of business on August 1, 2019.

Shares of Hasbro ended Monday’s regular session up 0.79% at $108.51 on the Nasdaq. Following the earnings release, the stock rose 0.54% in the premarket session.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

ISRG Earnings: Intuitive Surgical Q2 profit jumps on strong revenue growth

Medical device company Intuitive Surgical, Inc. (NASDAQ: ISRG) announced operating results for the second quarter of 2024, reporting higher revenues and adjusted profit. Second-quarter net profit, excluding one-off items, climbed

Infographic: Halliburton (HAL) reports strong earnings growth for Q2 2024

Energy giant Halliburton Company (NYSE: HAL) Friday announced financial results for the second quarter of 2024, reporting a double-digit increase in net profit. Second-quarter revenue edged up 1% annually to

AXP Earnings: Key quarterly highlights from American Express’ Q2 2024 financial results

American Express Company (NYSE: AXP) reported its second quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, were $16.3 billion, up 8% from a year ago, driven

Comments

  1. Pingback: Dental Medicine
  2. Pingback: fue
  3. Pingback: Family dentistry
  4. Pingback: faretti binari
  5. Pingback: Luce lineare LED
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: fiverrearn.com
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: fiverrearn.com
  12. Pingback: fiverrearn.com
  13. Pingback: ikaria juice buy
  14. Pingback: clima hoy
  15. Pingback: fiverrearn.com
  16. Pingback: fiverrearn.com
  17. Pingback: designer dogs
  18. Pingback: french bulldog
  19. Pingback: future university
  20. Pingback: future university
  21. Pingback: future university
  22. Pingback: agen multisbo
  23. Pingback: french bulldogs
  24. Pingback: Fiverr
  25. Pingback: FiverrEarn
  26. Pingback: lean manufacturing
  27. Pingback: FUE
  28. Pingback: FUE
  29. Pingback: Classic Books 500
  30. Pingback: FiverrEarn
  31. Pingback: Media
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: partners
  37. Pingback: fue
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: live sex cams
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: filmebi qartulad
  57. Pingback: wix seo specialist
  58. Pingback: website builder
  59. Pingback: Kuliah Termurah
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: FiverrEarn
  63. Pingback: cheap sex cams
  64. Pingback: live sex cams
  65. Pingback: live sex cams
  66. Pingback: rare breed-trigger
  67. Pingback: 늑대닷컴
  68. Pingback: Bonus free spin
  69. Pingback: nang sydney
  70. Pingback: allgame
  71. Pingback: 918kiss
  72. Pingback: หวย24
  73. Pingback: Skincare routine
  74. Pingback: pg slot
  75. Pingback: regles 421
  76. Pingback: cybersécurité
  77. Pingback: Raahe Guide
  78. Pingback: Raahe Guide
  79. Pingback: aplikasi slot
  80. Pingback: Life Coach Chelsea
  81. Pingback: evisa
  82. Pingback: 38/40 ammo
  83. Pingback: duromine
  84. Pingback: 17 wsm
  85. Pingback: SaaS Law Firm
  86. Pingback: itsMasum.Com
  87. Pingback: chat avenue
  88. Pingback: joker gaming
  89. Pingback: itsmasum.com
  90. Pingback: webcam girls
  91. Pingback: Kampus Islami
  92. Pingback: texas frenchies
  93. Pingback: 918kiss

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top