Play-Doh, Twister Maker Hasbro Thrives: Q2 Profits Soar Despite Entertainment Slump
Play-Doh, Twister Maker Hasbro Thrives: Q2 Profits Soar Despite Entertainment Slump
Hasbro Inc. (NASDAQ:HAS) shares are surging after the toy maker reported better-than-expected second-quarter FY24 earnings and revised the outlook.
玩具制造商孩之宝股份有限公司（纳斯达克证券代码：HAS）发布了2024财年第二季度业绩报告，表现优于分析师预期，该公司股价飙升。同时，该公司修正了其前景。
The company reported a second-quarter FY24 sales decline of 18% year-on-year to $995.30 million, beating the analyst consensus estimate of $943.56 million.
该公司第二季度FY24销售额同比下降18％至$99530万，并超越了分析师一致预期的$94356万。
The revenue decline was driven primarily by the eOne film divestiture; excluding the divestiture, revenue declined by 6%.
营业收入下降的主要原因是eOne电影业务的剥离；不包括剥离业务，营业收入下降了6％。
Segment Revenue: Consumer Products declined 20%, Wizards of the Coast and Digital Gaming increased 20%. Entertainment segment revenues plunged 90%, impacted by the sale of eOne Film and TV in December 2023; absent this impact, revenue declined 30%.
板块营业收入情况：消费品收入下降20％，海岸巫师和数字游戏收入增加了20％。娱乐板块营业收入大幅下跌90％，受2023年12月eOne电影和电视部门出售的影响；除去这一影响，营业收入下降了30％。
Selling, distribution, and administration costs fell 16.3%. The operating margin expanded Y/Y from (15.6)% to 21.3%, and operating income for the quarter was $212 million compared to $188.6 million loss last year.
销售、分销和管理成本下降了16.3％。营业利润率同比从（15.6％）扩张至21.3％，本季度营业收入为2.12亿美元，而去年亏损1.886亿美元。
Adjusted EBITDA for the quarter jumped 57.8% to $313.5 million. Adjusted EPS of $1.22 beat the analyst consensus of $0.78.
本季度调整后的EBITDA大幅增长57.8％至3.135亿美元，每股收益为1.22美元，超出分析师的一致预期0.78美元。
The company held $626.8 million in cash and equivalents as of June end. The operating cash flow for six months totaled $365.1 million.
截至6月底，该公司拥有626.8万美元的现金及等价物。前6个月的经营现金流量合计3651万美元。
Hasbro owned inventory down 51% versus prior year, including a 55% decline in Consumer Products inventory versus the second quarter 2023.
孩之宝拥有的库存比去年同期下降了51％，其中消费品库存下降了55％，而第二季度2023年下降了55％。
"We delivered a solid performance in games and digital licensing and substantial margin improvement this quarter," said CEO Chris Cocks.
首席执行官克里斯·库克斯说：“本季度我们在游戏和数字授权方面取得了良好的表现，并实现了重大的利润提升。”
"Hasbro is emerging as a more profitable, agile, and operationally excellent company delighting fans of all ages through the magic of play."
“通过魔幻玩乐的魔力，孩之宝正在成为一个更具盈利能力，更具敏捷性和运营卓越的公司，受到了所有年龄段玩家的喜爱。”
The company's quarterly cash dividend of $0.70 per common share, payable on September 4, to shareholders of record at the close of business on August 21.
该公司每股普通股的季度现金分红为0.70美元，将于9月4日支付给股东，股权登记截止日期为8月21日。
Outlook: Hasbro revised its FY24 Consumer Products Segment revenue outlook from down 7% – 12% to down 7% – 11%.
前景：孩之宝将其FY24消费品板块营收前景从下降7％-12％修正为下降7％-11％。
The company raised FY24 adjusted EBITDA guidance from $925 million – $1 billion to $975 million – $1.025 billion. Hasbro targets gross savings of $750 million by 2025-end.
该公司将FY24年调整后的EBITDA指导预期从9.25亿美元-10亿美元上调至9.75亿美元-10.25亿美元。孩之宝的目标是到2025年末节省7500万美元。
Price Action: HAS shares are trading higher by 6% at $63.00 in premarket at the last check Thursday.
截至周四上午，HAS股票在盘前交易中上涨了6％至63.00美元。
Photo via Shutterstock
图片来自shutterstock。
