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Hasbro Inc (HAS.OQ)

HAS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Hasbro Sets Quarterly Cash Dividend Of $0.68 Per Share
Thursday, 16 May 2019 11:00am EDT 

May 16 (Reuters) - Hasbro Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.68PER SHARE.  Full Article

Hasbro Reports Q1 Earnings Per Share Of $0.21
Tuesday, 23 Apr 2019 06:30am EDT 

April 23 (Reuters) - Hasbro Inc ::HASBRO REPORTS REVENUE, OPERATING PROFIT AND EARNINGS PER SHARE GROWTH FOR THE FIRST QUARTER 2019.Q1 EARNINGS PER SHARE $0.21.Q1 REVENUE $732.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $661.3 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.11 -- REFINITIV IBES DATA.CONTINUE TO EXPECT FULL-YEAR NET COST SAVINGS OF $50-$55 MILLION, AS WE ANNOUNCED IN FEBRUARY.REMAINS FOCUSED ON IMPLEMENTING COST SAVINGS INITIATIVES WE ANNOUNCED LAST YEAR.Q1 2019 U.S. AND CANADA SEGMENT NET REVENUES INCREASED 1% TO $357.9 MILLION COMPARED TO $353.9 MILLION.CONTINUE TO EXPECT FULL-YEAR NET COST SAVINGS OF $50-$55 MILLION.INTERNATIONAL SEGMENT NET REVENUES FOR Q1 2019 DECLINED 2% TO $282.6 MILLION.MONOPOLY, PLAY-DOH AND TRANSFORMERS WERE AMONG BRANDS POSTING REVENUE GAINS THIS QUARTER.ARE BEGINNING TO SEE IMPROVEMENT IN OUR COMMERCIAL MARKETS, NOTABLY IN U.S. AND EUROPE.REMAIN ON TRACK TO DELIVER PROFITABLE GROWTH FOR FULL-YEAR 2019."MONOPOLY, PLAY-DOH AND TRANSFORMERS WERE AMONG BRANDS POSTING REVENUE GAINS THIS QUARTER".ABSENT A NEGATIVE $24.3 MILLION IMPACT OF FOREIGN EXCHANGE, Q1 2019 REVENUES GREW 6%..QTRLY FRANCHISE BRANDS $393.6 MILLION VERSUS $361.7 MILLION.QTRLY PARTNER BRANDS $172.0 MILLION VERSUS $200.6 MILLION.  Full Article

Hasbro Q4 Earnings Per Share $0.07
Friday, 8 Feb 2019 06:30am EST 

Feb 8 (Reuters) - Hasbro Inc ::HASBRO REPORTS FULL-YEAR AND FOURTH QUARTER 2018 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.33 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.07.Q4 REVENUE $1.39 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.52 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.67 -- REFINITIV IBES DATA.BOARD OF DIRECTORS INCREASES QUARTERLY DIVIDEND 8%, OR $0.05 PER SHARE, TO $0.68 PER SHARE.RECORDED A PRE-TAX NON-CASH IMPAIRMENT CHARGE OF $86.3 MILLION FOR YEAR ENDED DECEMBER 30, 2018.CONCLUDED THAT CERTAIN INTANGIBLE ASSETS WERE ALSO IMPAIRED DURING Q4 2018.QTRLY HASBRO GAMING NET REVENUE $267.4 MILLION VERSUS $343.3 MILLION REPORTED LAST YEAR.WERE NOT ABLE TO RECAPTURE AS MUCH OF TOYS"R"US BUSINESS DURING HOLIDAY PERIOD AS WE ANTICIPATED.ORGANIZATIONAL ACTIONS OUTLINED ARE NOW EXPECTED TO DELIVER $50 TO $55 MILLION IN NET PRE-TAX SAVINGS IN 2019.Q4 2018 NET REVENUES INCLUDE AN UNFAVORABLE $35.1 MILLION IMPACT FROM FOREIGN EXCHANGE.HASBRO - PRE-TAX NON-CASH IMPAIRMENT CHARGE OF $31.3 MILLION RECORDED IN FY DUE TO CONCLUSION THAT SOME INTANGIBLE ASSETS WERE ALSO IMPAIRED DURING Q4.  Full Article

Kingsmen Creatives Says Unit To Collaborate With Hasbro International To Launch Toybox
Thursday, 13 Dec 2018 04:11am EST 

Dec 13 (Reuters) - Kingsmen Creatives : :UNIT TO COLLABORATE WITH HASBRO INTERNATIONAL, INC TO LAUNCH TOYBOX, TOGETHER WITH VENUE PARTNER SENTOSA DEVELOPMENT CORPORATION.  Full Article

Hasbro Says Co, Unit Entered Amended, Restated Revolving Credit Agreement-SEC Filing
Thursday, 29 Nov 2018 05:57pm EST 

Nov 29 (Reuters) - Hasbro Inc ::HASBRO SAYS CO, UNIT ENTERED AMENDED, RESTATED REVOLVING CREDIT AGREEMENT - SEC FILING.HASBRO - AMENDMENT PROVIDES INCREASED SENIOR CREDIT FACILITY WITH MAXIMUM BORROWING OF UP TO $1,100 MILLION.HASBRO - AMENDMENT PROVIDES POTENTIAL ADDITIONAL INCREMENTAL COMMITMENT INCREASE OF UP TO $500 MILLION.HASBRO - AMENDMENT PROVIDES EXTENDS TERM OF FACILITY FROM MARCH 30, 2020 TO NOV 26, 2023.  Full Article

Hasbro Says Taking Certain Actions Aimed At Right-Sizing Cost-Structure
Monday, 22 Oct 2018 09:13am EDT 

Oct 22 (Reuters) - Hasbro Inc ::HASBRO SAYS TAKING CERTAIN ACTIONS THAT PRIMARILY INCLUDE HEADCOUNT REDUCTION AIMED AT RIGHT-SIZING CO'S COST-STRUCTURE - SEC FILING.  Full Article

Hasbro Reports Q3 Adjusted Earnings Per Share $1.93
Monday, 22 Oct 2018 06:30am EDT 

Oct 22 (Reuters) - Hasbro Inc ::HASBRO REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.93.Q3 EARNINGS PER SHARE $2.06.Q3 REVENUE $1.57 BILLION VERSUS I/B/E/S VIEW $1.71 BILLION.Q3 EARNINGS PER SHARE VIEW $2.23 -- THOMSON REUTERS I/B/E/S.$907.1 MILLION IN CASH AT QUARTER END.Q3 2018 U.S. AND CANADA SEGMENT NET REVENUES DECREASED 7% TO $924.2 MILLION.Q3 2018 INTERNATIONAL SEGMENT NET REVENUES DECLINED 24% TO $560.7 MILLION.SEES PRE-TAX CASH RESTRUCTURING CHARGES FROM SEVERANCE, OTHER EMPLOYEE COSTS OF ABOUT $50 MILLION TO $60 MILLION, THAT WILL BE EXPENSED IN Q4.UNDERTAKING "ORGANIZATIONAL STEPS".QTRLY HASBRO GAMING NET REVENUE $280.8 MILLION VERSUS $280.1 MILLION REPORTED LAST YEAR.EXPECTS TO GENERATE ABOUT $30 MILLION TO $40 MILLION IN ANNUALIZED PRE-TAX SAVINGS BY 2020.EXPECTS CASH PAYMENTS TO BE MADE FROM OCTOBER 2018 THROUGH DECEMBER 2019 RELATED TO ORGANIZATIONAL STEPS.Q3 2018 FRANCHISE BRAND REVENUES DECREASED 5% TO $847.7 MILLION.HASBRO - U.S., CANADA SEGMENT QTRLY PERFORMANCE NEGATIVELY IMPACTED BY LOSS OF TOYS"R"US REVENUE, NOT MEETING SHIPPING DEMANDS LATE ACROSS RETAIL FOOTPRINT.QTRLY PARTNER BRAND REVENUES DECLINED 37% TO $305.8 MILLION.HASBRO - VOLUME OF PRODUCT LIQUIDATED IN Q2 HAD A NEAR-TERM IMPACT ON Q3 SELL THROUGH AND SHIPMENTS.FOREIGN EXCHANGE HAD A NEGATIVE IMPACT OF $32.0 MILLION, OR 2%, ON Q3 2018 REVENUES.  Full Article

Hasbro Inc Is Planning Layoffs That Will Trim Less Than 10% Of Its Workforce - WSJ
Friday, 19 Oct 2018 01:25pm EDT 

Oct 19 (Reuters) - :HASBRO INC IS PLANNING LAYOFFS THAT WILL TRIM LESS THAN 10% OF ITS WORKFORCE - WSJ.  Full Article

Hasbro Sets Quarterly Cash Dividend Of $0.63 Per Share
Wednesday, 1 Aug 2018 11:29am EDT 

Aug 1 (Reuters) - Hasbro Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.63PER SHARE.  Full Article

Hasbro CEO Says Will Continue Looking At Share Buy-back - CNBC
Monday, 23 Jul 2018 06:25pm EDT 

July 23 (Reuters) - :HASBRO CEO SAYS WILL CONTINUE LOOKING AT SHARE BUYBACK; COULD BUY IN AMOUNT OF SHARES ISSUED TO BUY POWER RANGERS, WHICH WOULD BE ABOUT 3 MILLION SHARES - CNBC.HASBRO CEO BRIAN GOLDNER SAYS HAVE FOCUSED STRATEGICALLY OVER TIME ON MOVING OUT OF CHINA - CNBC.HASBRO CEO BRIAN GOLDNER SAYS "ABOUT 30 PERCENT OF OUR MANUFACTURING IS OUTSIDE OF CHINA"- CNBC.  Full Article

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Bumblebee movie boost transforms Hasbro first quarter; shares surge

Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off "Bumblebee" charged sales of its action toys, putting the company's shares on track for their best day in more than two decades.