Hasbro (HAS) Misses Q3 EPS by 13c; sees FY Revenue decline of 13 - 15%

Hasbro (NASDAQ: HAS) reported Q3 EPS of $1.64, $0.13 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.64 billion.

GUIDANCE:

The Company now expects:

• Revenue decline of 13 - 15% driven by softer toy outlook in Consumer Products.
  • Reducing Consumer Product guidance to down mid- to high-teens versus last year.
  • No change to Wizards of the Coast and Digital Gaming Segment of up high-single digits.
  • No change to Entertainment segment to down 25 - 30%.
• Adjusted operating margin of 13.0% - 13.5%1.
• Adjusted EBITDA of $900 - $950 million1.
• Operating Cash Flow of $500 - $600 million.

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

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