Hasbro: Q1 pretty much as expected

(CercleFinance.com) - The stock of US toy maker Hasbro is expected to remain pretty stable on Tuesday on Wall Street following the presentation of quarterly results that are in line with its targets.


The Rhode Island-based company's Q1 sales totalled 1.16 billion dollars, up 4%, in line with the consensus of 1.15 billion dollars.

Hasbro said its business was mainly driven by its role-playing games division, Wizards of the Coast, and its digital entertainment division, whose revenues rose by 9% and 10% respectively, excluding currency effects.

However, adjusted net profit fell 43% to 79.4 million dollars, or 57 cents per share, below the consensus of 61 cents.

For FY 2022, the group says it expects revenues to rise slightly (0% to 5%), thanks to the strength of the dollar and the impact of the war in Ukraine.

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