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.
玩具製造商孩之寶股份有限公司（納斯達克證券代碼：HAS）發佈了2024財年第二季度業績報告，表現優於分析師預期，該公司股價飆升。同時，該公司修正了其前景。
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.
該公司第二季度FY24銷售額同比下降18％至$99530萬，並超越了分析師一致預期的$94356萬。
The revenue decline was driven primarily by the eOne film divestiture; excluding the divestiture, revenue declined by 6%.
營業收入下降的主要原因是eOne電影業務的剝離；不包括剝離業務，營業收入下降了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%.
板塊營業收入情況：消費品收入下降20％，海岸巫師和數字遊戲收入增加了20％。娛樂板塊營業收入大幅下跌90％，受2023年12月eOne電影和電視部門出售的影響；除去這一影響，營業收入下降了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.
銷售、分銷和管理成本下降了16.3％。營業利潤率同比從（15.6％）擴張至21.3％，本季度營業收入爲2.12億美元，而去年虧損1.886億美元。
Adjusted EBITDA for the quarter jumped 57.8% to $313.5 million. Adjusted EPS of $1.22 beat the analyst consensus of $0.78.
本季度調整後的EBITDA大幅增長57.8％至3.135億美元，每股收益爲1.22美元，超出分析師的一致預期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，該公司擁有626.8萬美元的現金及等價物。前6個月的經營現金流量合計3651萬美元。
Hasbro owned inventory down 51% versus prior year, including a 55% decline in Consumer Products inventory versus the second quarter 2023.
孩之寶擁有的庫存比去年同期下降了51％，其中消費品庫存下降了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.
首席執行官克里斯·庫克斯說：“本季度我們在遊戲和數字授權方面取得了良好的表現，並實現了重大的利潤提升。”
"Hasbro is emerging as a more profitable, agile, and operationally excellent company delighting fans of all ages through the magic of play."
“通過魔幻玩樂的魔力，孩之寶正在成爲一個更具盈利能力，更具敏捷性和運營卓越的公司，受到了所有年齡段玩家的喜愛。”
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.
該公司每股普通股的季度現金分紅爲0.70美元，將於9月4日支付給股東，股權登記截止日期爲8月21日。
Outlook: Hasbro revised its FY24 Consumer Products Segment revenue outlook from down 7% – 12% to down 7% – 11%.
前景：孩之寶將其FY24消費品板塊營收前景從下降7％-12％修正爲下降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.
該公司將FY24年調整後的EBITDA指導預期從9.25億美元-10億美元上調至9.75億美元-10.25億美元。孩之寶的目標是到2025年末節省7500萬美元。
Price Action: HAS shares are trading higher by 6% at $63.00 in premarket at the last check Thursday.
截至週四上午，HAS股票在盤前交易中上漲了6％至63.00美元。
Photo via Shutterstock
圖片來自shutterstock。