Hasbro (HAS) Tops Q4 EPS by 25c
Hasbro (NASDAQ: HAS) reported Q4 EPS of $1.52, $0.25 better than the analyst estimate of $1.27. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.5 billion.
"Hasbro’s global team delivered a tremendous 2016. We reached the $5 billion revenue mark for the first time in company history, we improved profitability and we invested to grow Hasbro over the long-term while increasing our dividend and share repurchase levels,” said Brian Goldner, Hasbro’s Chairman, President and Chief Executive Officer. “Hasbro’s foresight to build brands led by storytelling, consumer insights and innovation, combined with the relentless execution of our Brand Blueprint including investments in entertainment and digital gaming, is driving our business and creating long-term strategic differentiators for Hasbro. We are well positioned for a successful 2017 and the continued advancement of Hasbro’s brand-building capabilities for years to come.”
“Our strong top line performance continued in the fourth quarter and we profitably grew Hasbro throughout the year,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “Looking ahead, we are very well positioned to support our business. We continue investing in our industry-leading brands, our differentiated capabilities around the Brand Blueprint and in our systems to support long-term, cost efficient business growth. We ended the year with $1.28 billion in cash, inventories in line with last year, and we paid out $400 million to shareholders through dividends and share repurchases.”
For earnings history and earnings-related data on Hasbro (HAS) click here.