- Hasbro press release (NASDAQ:HAS): Q2 Non-GAAP EPS of $1.15 beats by $0.21.
- Revenue of $1.34B (+1.5% Y/Y) misses by $30M.
- Consumer Products segment revenues up 7%; up 9% absent the impact of foreign exchange.
- Wizards of the Coast and Digital Gaming segment revenues up 3%; up 5% absent the impact of foreign exchange.
- Entertainment segment revenues declined 18% driven by the sale of the music business in the beginning of the third quarter 2021; down 16% absent the impact of foreign exchange; and down 4% excluding the Music business.
- FY2022 Outlook: The company has a plan for continued growth in 2022, including low-single digit revenue growth on a constant currency basis; mid-single digit growth in operating profit to achieve adjusted operating profit margin of 16%; and operating cash flow at the low end of the range of $700M to $800M.