Hasbro (HAS) Tops Q2 EPS by 7c
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Hasbro Reports Revenue, Operating Profit and Net Earnings Growth for Second Quarter 2017
July 24, 2017 6:30 AM EDTSecond quarter 2017 revenues grew 11% to $972.5 million including revenue growth of 16% in the U.S. and Canada segment and 6% in the International segment; Entertainment and Licensing segment revenues declined 1%; Growth in Franchise Brands, Hasbro Gaming and Partner Brands offset a decline in Emerging Brands; Operating profit increased 18% to $100.0 million, or 10.3% of net revenues; Net earnings increased 30% to $67.7 million or $0.53 per diluted share; Reported net earnings include a $0.01 per diluted share benefit versus second quarter 2016 from the adoption of FASB ASU No. 2016-09;... More
