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Hasbro (HAS)
NASDAQ:HAS
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
0.38Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 12.95%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive achievements, such as record profit margins, strong licensing growth, and successful product innovations, alongside challenges in revenue decline and specific product segment struggles. The company is optimistic about future growth and cost savings, despite facing some headwinds in certain product lines.Company Guidance
During Hasbro's Fourth Quarter and Full Year 2024 Earnings Conference Call, CEO Chris Cocks and CFO Gina Goetter highlighted several key metrics and strategic initiatives. Hasbro achieved a record operating profit margin exceeding 20% and delivered $227 million in net cost savings, with plans to achieve $1 billion in total annual gross savings by 2027. The Wizards of the Coast and Digital Games segment grew 4% year-over-year, boasting an operating margin over 40%, driven by strong performances from MAGIC: THE GATHERING and Monopoly Go! For 2025, Hasbro forecasts modest revenue growth with continued margin expansion, projecting mid-single-digit revenue growth through 2027. The company aims to enhance profitability across its portfolio by leveraging digital and partner-driven licensing, expanding into new categories, and focusing on operational excellence.Record Operating Profit Margin
Hasbro delivered the best operating profit margin in company history, eclipsing 20%.
Wizards of the Coast and Digital Games Growth
The segment was up 4% year-over-year, with an operating margin north of 40%. Notably, Monopoly Go! contributed $38 million of revenue.
Strong Licensing Business
Consumer products licensing saw significant growth, with POS lifts of over 50% for some out-licensed brands. Licensing business grew by 60% over the last three years.
Cost Savings Achievements
Delivered $227 million of net cost savings, with an increase in the cost savings target to $1 billion in total annual gross savings by 2027.
Positive Cash Flow and Debt Reduction
Operating cash flow for the full year was $847 million, an improvement of $122 million. Reduced debt by $83 million in Q4.
Successful New Product Launches
Beyblade and Transformers saw demand growth, and Monopoly Go! achieved a significant player engagement boost.
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HAS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $61.14 | $69.06 | +12.95% |
| Oct 24, 2024 | $69.53 | $65.35 | -6.01% |
| Jul 25, 2024 | $58.12 | $60.18 | +3.54% |
| Apr 24, 2024 | $56.25 | $62.92 | +11.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hasbro (HAS) report earnings?
Hasbro (HAS) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Hasbro (HAS) earnings time?
Hasbro (HAS) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HAS EPS forecast?
HAS EPS forecast for the fiscal quarter 2024 (Q4) is 0.35.
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