Upgrade to SI Premium - Free Trial

UPDATE: Hasbro (HAS) Tops Q4 EPS by 29c

February 11, 2020 6:32 AM
(Updated - February 11, 2020 6:34 AM EST)

Hasbro (NASDAQ: HAS) reported Q4 EPS of $1.24, $0.29 better than the analyst estimate of $0.95. Revenue for the quarter came in at $1.43 billion versus the consensus estimate of $1.44 billion.

Fourth Quarter 2019

“The global Hasbro team delivered a good year and achieved key objectives we set for 2019. We profitably grew revenues across regions absent foreign exchange supported by the successful execution of our channel strategy; we delivered growth in MAGIC: THE GATHERING driven by the successful launch of Arena and we executed at a high level during the holiday season," said Brian Goldner, Hasbro’s chairman and chief executive officer. "Our acquisition of Entertainment One accelerates our Brand Blueprint strategy and significantly expands our expertise and capabilities as a global play and entertainment company. Our teams are actively engaged to unlock value across our organization - in gaming, in toys, in consumer products and in entertainment."

“Our teams worked extremely hard and executed at a high level this holiday, driving fourth quarter and full-year revenue and profit growth while also diversifying our supply chain and preparing to close a major acquisition,” said Deborah Thomas, Hasbro’s chief financial officer. "We are strongly positioned to continue investing in long-term drivers of the business, including brand innovation, gaming and entertainment, as we also focus on returning to our stated gross Debt to EBITDA target of 2.0 to 2.5X over the next 3 to 4 years."

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


Corporate News Earnings Management Comments

Next Articles