2023-04-17 04:17:17 ET
Summary
- Net sales declined by 14.93% year over year during the fourth quarter of 2022 and are expected to remain depressed for at least two more years.
- Both gross profit and EBITDA margins were also significantly impacted by inflationary pressures and lower volumes.
- The company is in a deleveraging phase as its debt pile is high.
- The dividend is not as safe as it used to be due to lower-than-usual profit margins.
- The recent sharp decline in the share price represents a good opportunity for long-term dividend growth investors willing to take short and medium-term risks.
For further details see:
Don't Forget That Hasbro Is A Buy And Hold Stock