Hasbro tops fourth-quarter EPS by $0.35

Hasbro (NASDAQ: HAS) records $1.21 EPS in the fourth quarter, and topples the $0.86 analyst estimates by 35 cents. The $2.01 billion fourth-quarter revenue also beat the $1.87 billion consensus estimate. Full-Year Net revenue grew by 17 percent to around $6.42 billion. Entertainment sector revenues increased by 27% while the revenues in the Consumer Products segment grew by 9%.

Hasbro tops Q4 consensus earnings estimates.

The company reported net revenue of about $2.01 billion in the fourth quarter, representing a 17% increase. Operating profit in the same quarter came to about $171.5 million, representing 8.5 percent of total revenue.

The adjusted operating revenue came to around $219.9 million. Net earnings for Q4 were $0.59 per diluted share, representing around $82.2 million, while adjusted net earnings for the same quarter came to $1.121 per diluted share.

Hasbro's interim Chief Executive Officer, Rich Stoddart said:

The interim CEO claimed that he was honored to lead the talented team the company has at its disposal and believes that the incoming CEO will bring a lot of passion and vision while accelerating Hasbro's performance-driven culture.

The company's Chief Financial Officer, Deborah Thomas said:

The CFO claimed that this what enabled the company to continue putting funds into growth initiatives and programs, settle its long-term outstanding debt and continue supporting their dividend which the BoD recently increased by 3%.

Financial Highlights 

Foreign exchange has a $10.1 million negative impact in Q4 2021 revenue but a positive $54 million impact in full-year revenue. Full-year and fourth-quarter net earnings were affected by net non-operating, non-cash charge of $41.3 million linked to the Discovery Family Channel investment the company made.