HAS - Hasbro (HAS) Q1 2024 Earnings Call Transcript
2024-04-24 11:21:03 ET
Hasbro, Inc. (HAS)
Q1 2024 Earnings Conference Call
April 24, 2024 08:30 A.M. ET
Company Participants
Kern Kapoor - SVP, IR
Chris Cocks - CEO and Director
Gina Goetter - EVP and CFO
Conference Call Participants
Eric Handler - ROTH MKM Partners
Megan Alexander - Morgan Stanley
Drew Crum - Stifel, Nicolaus & Company
Arpiné Kocharyan - UBS Investment Bank
Christopher Horvers - J.P. Morgan Chase
Stephen Laszczyk - Goldman Sachs
Alexander Perry - Bank of America
James Hardiman - Citigroup Inc.
Frederick Wightman - Wolfe Research
Kylie Cohu - Jefferies LLC
Presentation
Operator
Good Morning. And welcome to Hasbro First Quarter 2024 Earnings Conference Call. At this time, all parties will be in a listen-only mode. [Operator Instructions]. Today's conference is being recorded. If you have any objections, you may disconnect at this time. At this time, I'd like to turn the call over to Kern Kapoor, Senior Vice President of Investor Relations. Please go ahead.
Kern Kapoor
Thank you and good morning, everyone. Joining me today are Chris Cocks, Hasbro's Chief Executive Officer; and Gina Goetter, Hasbro's Chief Financial Officer. Today, we will begin with Chris and Gina providing commentary on the company's performance, and then we will take your questions. Our earnings release and presentation slides for today's call are posted on our Investor website.
The press release and presentation include information regarding non-GAAP adjustments and non-GAAP financial measures. Our call today will discuss certain adjusted measures, which exclude these non-GAAP adjustments. A reconciliation of GAAP to non-GAAP measures is included in the press release and presentation. Please note that whenever we discuss earnings per share, or EPS, we are referring to earnings per diluted share.
Before we begin, I would like to remind you that during this call and the question-and-answer session that follows, members of Hasbro management may make forward-looking statements concerning management's expectations, goals, objectives, and similar matters. There are many factors that could cause actual results or events to differ materially from the anticipated results or other expectations expressed in these forward-looking statements. These factors include those set forth in our Annual Report on Form 10-K, or our most recent 10-Q, in today's press release, and in our other public disclosures. We undertake no obligation to update any forward-looking statements made today to reflect events or circumstances occurring after the date of this call. I would now like to introduce Chris Cocks. Chris?
Chris Cocks
Thanks Kern and good morning. For the past several quarters you have heard us reaffirm Hasbro’s strategy to refocus on play with our fewer, bigger, better principles. In our Q1 results, we're seeing Hasbro's strategy come to life. We are applying a franchise-first mindset. We're realizing our brand's potential through licensing with success across digital and consumer products. And we're continuing to invest in innovation across toys and games, appealing to consumers of all ages across play patterns. ...
Hasbro (HAS) Q1 2024 Earnings Call Transcript