2023-04-27 06:36:31 ET
- Hasbro press release ( NASDAQ: HAS ): Q1 Non-GAAP EPS of $0.01 misses by $0.10 .
- Revenue of $1B (-13.8% Y/Y) beats by $116.91M .
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Reflecting on the current environment and an expected flat to declining toy and game market in 2023, the Company's full-year 2023 guidance remains:
- Revenue down low-single digits vs. consensus of $5.70B.
- Adjusted operating profit margin expansion of 50 to 70 basis points, excluding Operational Excellence charges and other non-GAAP items .
- Adjusted earnings per diluted share in the range of $4.45 to $4.55 vs. consensus of $4.39.
- Adjusted EBITDA approximately flat with 2022 Adjusted EBITDA
- Operating cash flow in the range of $600 to $700 million
For further details see:
Hasbro reports mixed Q1 earnings; reaffirms FY23 outlook