Hasbro (HAS) Misses Q1 EPS by 1c, Withdraws Guidance
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Hasbro Reports First Quarter 2020 Financial Results
April 29, 2020 6:00 AM EDTProvides Business Update Related to COVID-19
Completed acquisition of Entertainment One Ltd. (eOne) in early fiscal 2020 First quarter 2020 revenues for the combined company were $1.11 billion Strong demand for Hasbro products, notably in gaming Later delivery timing for eOne content in 2020 versus 2019 Supply chain positioned to meet full-year product demand requirements leveraging growing retailer channels, including ecomm and omni-channel Substantial liquidity and access to cash, including quarter ending cash of $1.2 billion; operating cash flow of $291.6 million; and availability of $1.5 billion under revolving... More