Hasbro, Inc. Reports Higher Q1 Earnings; Beats EPS Estimates, Misses on Revenues (HAS)

Hasbro Inc. (HAS) reported its first quarter earnings before the opening bell on Monday, posting higher revenue than last year’s first quarter.

Hasbro’s Earnings in Brief

HAS reported first quarter revenues of $679.45 million, which were up 2% from last year’s Q1 revenues of $663.69 million. Net earnings for the quarter came in at $31.51 million, up from last year’s first quarter loss of $6.67 million. The company's adjusted operating profit was $18.6 million, or 14 cents per share, up from last year’s Q1 figure of $13.5 million, or 10 cents per share. Hasbro’s results beat analysts’ EPS estimates of 10 cents, but revenues came in slightly below view of $686.91 million.

CEO Commentary

Hasbro's president and CEO Brian Goldner had the following comments: “Our first quarter results reflect continued strong performance across several key initiatives including Hasbro Franchise Brands, Emerging Markets and the Entertainment and Licensing segment. Growth in both revenues and operating profit for the first quarter despite a later Easter this year and ahead of our major theatrical launches speaks to the strength of the brand innovation we are delivering to consumers globally.

Hasbro’s Dividend

Hasbro announced a dividend raise in February for its May 15 payout. The company boosted its quarterly dividend to 43 cents from 40 cents. The stock goes ex-dividend on April 29.

Stock Performance

Hasbro stock was inactive in pre-market trading. YTD, the company’s stock is up just 0.05%.

HAS Dividend Snapshot

As of Market Close on April 17, 2014

Click here to see the complete history of HAS dividends.