Hasbro, Inc. (HAS) Tops Q1 EPS by 4c
Hasbro, Inc. (NASDAQ: HAS) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $679.45 million versus the consensus estimate of $686.91 million.
“Our first quarter results reflect continued strong performance across several key initiatives including Hasbro Franchise Brands, Emerging Markets and the Entertainment and Licensing segment,” said Brian Goldner, Hasbro’s President and Chief Executive Officer. “Growth in both revenues and operating profit for the first quarter despite a later Easter this year and ahead of our major theatrical launches speaks to the strength of the brand innovation we are delivering to consumers globally.”
“While only the first quarter, our results reflect solid underlying profitability, a healthy balance sheet and good cash flow,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “We remain committed to investing in our business to profitably grow Hasbro for the long term, while returning excess cash to our shareholders and maintaining a solid investment grade rating.”
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