Hasbro (Nasdaq: HAS ) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q2), Hasbro missed slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins increased, and net margins contracted.
Hasbro reported revenue of $811.5 million. The 11 analysts polled by S&P Capital IQ hoped for revenue of $826.6 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $908.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.33. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS of $0.33 for Q2 were 21% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.6%, 300 basis points better than the prior-year quarter. Operating margin was 10.6%, 30 basis points better than the prior-year quarter. Net margin was 5.4%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.39 billion. On the bottom line, the average EPS estimate is $1.27.
Next year's average estimate for revenue is $4.29 billion. The average EPS estimate is $2.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,966 members out of 2,043 rating the stock outperform, and 77 members rating it underperform. Among 526 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 513 give Hasbro a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hasbro is hold, with an average price target of $37.00.
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