Hasbro (HAS) Q1 2024 Earnings Call Transcript

Apr. 24, 2024 11:21 AM ETHasbro, Inc. (HAS) StockHAS
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Q1: 2024-04-24 Earnings Summary

EPS of $0.61 beats by $0.33
 | Revenue of $757.30M (-24.35% Y/Y) beats by $16.40M

Hasbro, Inc. (NASDAQ:HAS) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET

Company Participants

Kern Kapoor - SVP, IR
Chris Cocks - CEO and Director
Gina Goetter - EVP and CFO

Conference Call Participants

Eric Handler - ROTH MKM Partners
Megan Alexander - Morgan Stanley
Drew Crum - Stifel, Nicolaus & Company
Arpiné Kocharyan - UBS Investment Bank
Christopher Horvers - J.P. Morgan Chase
Stephen Laszczyk - Goldman Sachs
Alexander Perry - Bank of America
James Hardiman - Citigroup Inc.
Frederick Wightman - Wolfe Research
Kylie Cohu - Jefferies LLC

Operator

Good Morning. And welcome to Hasbro First Quarter 2024 Earnings Conference Call. At this time, all parties will be in a listen-only mode. [Operator Instructions]. Today's conference is being recorded. If you have any objections, you may disconnect at this time. At this time, I'd like to turn the call over to Kern Kapoor, Senior Vice President of Investor Relations. Please go ahead.

Kern Kapoor

Thank you and good morning, everyone. Joining me today are Chris Cocks, Hasbro's Chief Executive Officer; and Gina Goetter, Hasbro's Chief Financial Officer. Today, we will begin with Chris and Gina providing commentary on the company's performance, and then we will take your questions. Our earnings release and presentation slides for today's call are posted on our Investor website.

The press release and presentation include information regarding non-GAAP adjustments and non-GAAP financial measures. Our call today will discuss certain adjusted measures, which exclude these non-GAAP adjustments. A reconciliation of GAAP to non-GAAP measures is included in the press release and presentation. Please note that whenever we discuss earnings per share, or EPS, we are referring to earnings per diluted share.

Before we begin, I would like to remind you that during this call and the question-and-answer session that follows, members of Hasbro management may

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