Hasbro's Q2 2024 Earnings Overview: Revenue Decline and Profit Improvement
Thursday, 25 July 2024, 10:50
Hasbro's Q2 2024 Financial Performance
Hasbro, Inc. (NASDAQ: HAS) has released its earnings report for the second quarter of 2024. The results reveal a significant decrease in net revenues.
Key Financial Highlights
- Net revenues fell by 18% year-over-year to $995.3 million.
- Net earnings attributable to Hasbro were $138.5 million or $0.99 per share.
- Previous year's figures showed a net loss of $235 million or $1.69 per share.
- Adjusted EPS reported at $1.22.
Concluding Remarks
Although Hasbro faced revenue challenges, their ability to generate positive earnings in such a competitive market demonstrates potential for future growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.