Stay updated with breaking news from Tables attached. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Unveils New Segment Reporting PAWTUCKET, R.I.–(BUSINESS WIRE)–$HAS#HAS–Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment company, outlined the Company’s strategic growth drivers for the near and medium-term and unveiled new segment reporting aligned to these drivers today at its virtual investor event. The new financial reporting segments are: Consumer Products, including toys and games; Wizards of the Coast (Wizards) and Digital Gaming; and Entertainment. “The integrated and assembled value of consumer products, Wizards and digital gaming, and entertainment is how we unlock the next level of return for our business and for our stakeholders,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “We have simplified our structure to maximize our growth and provide a clearer view to the drivers of Hasbro revenues, profit, margin, and cash generation. Our Brand Blueprint thrives as we create value from these three areas of our business, ....
2 months ago Fourth Quarter 2020 U.S. and Canada segment revenues up 16%; eOne segment revenues up 10% Revenues up 21% in Hasbro Gaming and 27% across the total gaming category, 20% in TV/Film/Entertainment and 7% in Franchise Brands Operating profit of $186.4 million; Net earnings for the fourth quarter 2020 were $105.2 million or $0.76 per diluted share Adjusted operating profit increased 51% to $261.4 million, or 15.2% of revenues, an expansion of 480 basis points year-over-year Adjusted net earnings of $175.3 million, or $1.27 per diluted share Full-Year 2020 Year-end cash of $1.45 billion; Generated $976.3 million in operating cash flow for the full-year 2020 Net revenues of $5.47 billion decreased 8%, including an unfavorable $16.2 million impact of foreign exchange ....