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Hasbro (HAS) Tops Q1 EPS by 14c

April 18, 2016 6:32 AM

Hasbro (NASDAQ: HAS) reported Q1 EPS of $0.38, $0.14 better than the analyst estimate of $0.24. Revenue for the quarter came in at $831.2 million versus the consensus estimate of $773.86 million.

First Quarter 2016 Boys category revenues increased 24% to $336.9 million. Revenue growth in the quarter was driven by gains in Franchise Brand NERF, along with Partner Brand STAR WARS as well as the addition of YOKAI WATCH. The Boys category grew 28% absent the impact of foreign exchange.

Games category revenues declined 2% for the quarter to $231.1 million. PIE FACE continued to be a strong contributor to growth, along with growth in YAHTZEE and DUEL MASTERS. Growth in these brands was more than offset by declines in other gaming brands for the quarter. The Games category was flat absent the impact of foreign exchange.

Girls category revenues increased 41% to $165.4 million. The first quarter marked the on shelf date for Hasbro’s line of DISNEY PRINCESS and FROZEN fashion and small dolls. The addition of these brands along with DISNEY’S DESCENDANTS and growth in BABY ALIVE delivered strong quarterly revenue growth for the category. The Girls category increased 48% absent the impact of foreign exchange.

Preschool category revenues increased 11% to $97.8 million for the first quarter 2016. Revenue growth in Franchise Brand PLAY-DOH drove the revenue increase for the quarter. The Preschool category grew 17% absent the impact of foreign exchange.

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



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