Hasbro (HAS) Tops Q1 EPS by 16c

Hasbro (NASDAQ: HAS) reported Q1 EPS of $0.54, $0.16 better than the analyst estimate of $0.38. Revenue for the quarter came in at $849.7 million versus the consensus estimate of $827.33 million.

• First quarter 2017 revenues grew 2% to $849.7 million including revenue growth of 2% in the U.S. and Canada segment and 24% in the Entertainment and Licensing segment; International segment revenues were flat;
• Growth in Franchise Brands, Hasbro Gaming and Emerging Brands offset the expected decline in Partner Brands;
• Net earnings increased 41% to $68.6 million or $0.54 per diluted share; Reported net earnings include a $0.11 per diluted share benefit versus first quarter 2016 from the adoption of FASB ASU No. 2016-09;
• Company returned $81.5 million to shareholders in the quarter; $63.4 million in dividends and $18.1 million in share repurchases.

For earnings history and earnings-related data on Hasbro (HAS) click here.

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