What to Expect from Hasbro’s Fourth Quarter Results

  • Hasbro expected to report a profit of $60 million in 4Q
  • Revenue expected to fall 20% to $1.358 billion
  • Adjusted earnings expected to be 66 cents per share
  • Hasbro warned of continued headwinds from 2023
  • Company plans to cut about 1,100 jobs
  • Analysts optimistic about improved margins on reduced costs
  • Hasbro looking to restock with newer toys

Hasbro is set to report its fourth-quarter results, with analysts expecting a profit of $60 million, a significant improvement from the loss reported in the year-ago quarter. However, revenue is expected to decline by 20% to $1.358 billion. Hasbro’s adjusted earnings are forecasted to be 66 cents per share. The company has warned of continued headwinds from 2023, which may impact its performance in the coming year. In an effort to improve margins, Hasbro plans to cut about 1,100 jobs, leading to optimism among analysts. Additionally, the company aims to restock with newer toys after exiting the 2023 period with bloated inventories. Overall, analysts will be closely watching Hasbro’s results and forecasts for insights into the health of the toy industry as a whole.

Public Companies: Hasbro (HAS), Mattel (MAT)
Private Companies:
Key People: Ben Glickman (Author)

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Factuality Level: 8
Justification: The article provides specific information about Hasbro’s expected net income, revenue, and adjusted earnings, which are based on consensus estimates from analysts. It also includes information about Hasbro’s warning on headwinds and its plans to cut jobs. However, the article lacks additional context or analysis, and it does not provide any sources or links to support the information presented.

Noise Level: 7
Justification: The article provides relevant information about Hasbro’s upcoming fourth-quarter results, including net income, revenue, and adjusted earnings. It also highlights important factors to watch, such as headwinds in the industry, job cuts, and inventory restocking. However, the article lacks in-depth analysis, scientific rigor, and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: Hasbro

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information about Hasbro’s upcoming fourth-quarter results and its financial performance. There is no mention of any extreme events or their impact.

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