Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015

Monday, April 20th, 2015 8:08AM CDT

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Posted by: mooncake623 Views: 21,396

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Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015

* First quarter 2015 revenues grew 5% to $713.5 million; Absent a negative $62.6 million impact of foreign exchange, first quarter 2015 revenues grew 14%

* Revenue and operating profit grew in the U.S. and Canada and Entertainment and Licensing Segments; International segment revenues increased 20% absent foreign exchange

* Franchise Brand revenues grew 20%; Boys, Games and Preschool category revenues increased in the quarter

* Operating profit increased 25%; Net earnings of $26.7 million or $0.21 per diluted share; Net earnings increased 43% excluding $13.5 million, or $0.10 per diluted share, of favorable tax adjustments in the first quarter 2014

*Generated $315.3 million in operating cash flow; $1.1 billion in cash at quarter end

*Repurchased approximately 436,000 shares of common stock at a total cost of $25.2 million and an average price of $57.80 per share.

PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the first quarter 2015. Net revenues for the first quarter 2015 increased 5% to $713.5 million versus $679.5 million in 2014. Excluding a negative $62.6 million impact from foreign exchange, revenues increased 14%.

Net earnings for the first quarter 2015 were $26.7 million, or $0.21 per diluted share, compared to $32.1 million, or $0.24 per diluted share, in 2014. Net earnings for the first quarter 2015 increased 43% versus adjusted net earnings of $18.6 million, or $0.14 per diluted share, in 2014. As reported first quarter 2014 net earnings included favorable tax adjustments of $13.5 million or $0.10 per diluted share.

"2015 is off to a good start with continued momentum in our business, led by growth in all of our Franchise Brands and the underlying strength in demand across international markets, including the emerging markets," said Brian Goldner, Hasbro's President and Chief Executive Officer. "For the first quarter, we grew revenue, improved profitability and delivered growth in adjusted net earnings despite significant foreign exchange headwinds. While the first quarter is the least significant quarter of the year, the global Hasbro team delivered a strong start to the year."

"Our first quarter results highlighted the strength of our brands, our global reach and our balance sheet," said Deborah Thomas, Hasbro's Chief Financial Officer. "Foreign exchange did negatively impact both revenues and earnings in the quarter; however, several factors helped mitigate the negative impact to profitability. These included the continued momentum in our Franchise Brands, the benefit of favorable foreign exchange product cost hedges and a larger contribution of higher-margin Entertainment and Licensing revenues. Our first quarter results keep us on track to achieve our previously stated targets."

Credit(s): Hasbro

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Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677087)
Posted by Shockwave7 on April 20th, 2015 @ 8:53am CDT

That's what can happen, Hasbro - when you stop making crappy stuff like the AoE line and put out stuff that people will actually BUY, like the CW line....

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677090)
Posted by peaces on April 20th, 2015 @ 9:00am CDT

it would be higher if not for the dock strike

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677094)
Posted by Solrac333 on April 20th, 2015 @ 9:35am CDT

Shockwave7 wrote:That's what can happen, Hasbro - when you stop making crappy stuff like the AoE line and put out stuff that people will actually BUY, like the CW line....

And mark them up 50 to 100% with 50% less plastic and quality.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677098)
Posted by peaces on April 20th, 2015 @ 9:43am CDT

i agree except i think the quality is outstanding in cw. rid is pure shit.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677120)
Posted by Megatron Wolf on April 20th, 2015 @ 12:37pm CDT

Hasbro would make a lot more if they made sure their products were stocked on shelves & stopped overpricing every thing.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677141)
Posted by Deathsaurus1 on April 20th, 2015 @ 1:33pm CDT

At my local toysrus, all deluxes are $19.99. Aoe voyagers are $29.99, while Combiner wars voyagers are $24.99.
I am really worried about the masterpiece releases this year. I hope mp bluestreak isn't $90+

Everywhere else, deluxes are $14.99 and voyagers $24.99

The quality of combiner wars figures isn't that great either.The plastic they are made of is fine but the damn loose joints really bug me.

Good to see hasbro is making profit though

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677144)
Posted by Slashercon on April 20th, 2015 @ 1:43pm CDT

Deathsaurus1 wrote:At my local toysrus, all deluxes are $19.99. Aoe voyagers are $29.99, while Combiner wars voyagers are $24.99.
I am really worried about the masterpiece releases this year. I hope mp bluestreak isn't $90+

Everywhere else, deluxes are $14.99 and voyagers $24.99

The quality of combiner wars figures isn't that great either.The plastic they are made of is fine but the damn loose joints really bug me.

Good to see hasbro is making profit though

My Toys R Us still has previous Generations figures (and I when I mean figures, I mean Rattrap) that are $12.99, but the Generations figures are also $19.99. The huge gap in prices is insane. The Voyagers are also like yours in that the AOE voyagers are $30.00 while the combiner War are $24.99.

At Kmart, the Combiner wars deluxes are $17.99 though. At least at Walmart and Target they're $14.99.

It's also worth noting that of the three figures I have from the line, none suffer from severly loose joints. It sadly might be your batch of figures.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677153)
Posted by Deathsaurus1 on April 20th, 2015 @ 1:52pm CDT

Slashercon wrote:
Deathsaurus1 wrote:At my local toysrus, all deluxes are $19.99. Aoe voyagers are $29.99, while Combiner wars voyagers are $24.99.
I am really worried about the masterpiece releases this year. I hope mp bluestreak isn't $90+

Everywhere else, deluxes are $14.99 and voyagers $24.99

The quality of combiner wars figures isn't that great either.The plastic they are made of is fine but the damn loose joints really bug me.

Good to see hasbro is making profit though

My Toys R Us still has previous Generations figures (and I when I mean figures, I mean Rattrap) that are $12.99, but the Generations figures are also $19.99. The huge gap in prices is insane. The Voyagers are also like yours in that the AOE voyagers are $30.00 while the combiner War are $24.99.

At Kmart, the Combiner wars deluxes are $17.99 though. At least at Walmart and Target they're $14.99.

It's also worth noting that of the three figures I have from the line, none suffer from severly loose joints. It sadly might be your batch of figures.

I always get a bad batch lol. My toysrus has only RID, CW, and AOE.

My walmart has a ton of rattraps and tankors

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677177)
Posted by mooncake623 on April 20th, 2015 @ 2:50pm CDT

During the Hasbro 2015 Q1 Earnings Conference Call held earlier today, Hasbro CEO Brian Goldner, talks about the Transformers Cinematic Universe and their plans for Transformers 5 in 2017. In the Q&A section of the conference call, Analyst Drew Crum from Stifel Financial Corp. asked "Any update on a Transformers sequel film?"

Here is Brian Goldner's response

Sure. Our plan right now with the studio and film makers, you may have read something about some writers being hired. We have in fact brought in a to lead a group of writers to really create a strategic plan around Transformers many we think there's any number of stories to be told. It's a brand that's been around for 30 years with amazing Cannon and mythology. We would expect the sequel to transformer movie to happen in 2017.

Hasbro shares are up 12.38% to $74.06 since it's close of $65.89 on Friday reaching a new record high since the announcements of their 2015 Q1 Earnings this morning and adding more then $700 Million to the company's market valuations!
You can read the entire Hasbro Earnings Report: Q1 2015 Conference Call Transcript here!

Remember keep your optics tuned to Seibertron.com for the latest in news and updates!

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677195)
Posted by shockblast2 on April 20th, 2015 @ 3:21pm CDT

Would anyone else care to argue with the FACT that corporate greed and shareholder dividends are not the reason for insane price increases with the Transformers brand since 2007?

Or are you sticking with the material price BS that they use to rebuff anyone who asks? I can tell you first hand that is a LIE. Why? Because I run the AP department of one of the worlds largest plastics injection molders and I have been doing so for almost ten years. I see the prices of EVERYTHING that comes in and out of this facility. And resin has not increased much, and in some cases has went down, since 2010. Let alone mold costs or salaries for the average engineer or CAD design tech.

So, tell us another lie Hasbro.......

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677197)
Posted by shockblast2 on April 20th, 2015 @ 3:25pm CDT

Well, their price increase was about 5%, so why is this a revelation?

Keep this up and by 2020 we will be paying 19.99 for a deluxe, just so we can have the honor of lining the pockets of the upper management of Hasbro.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677198)
Posted by mooncake623 on April 20th, 2015 @ 3:26pm CDT

shockblast2 wrote:Would anyone else care to argue with the FACT that corporate greed and shareholder dividends are not the reason for insane price increases with the Transformers brand since 2007?

Or are you sticking with the material price BS that they use to rebuff anyone who asks? I can tell you first hand that is a LIE. Why? Because I run the AP department of one of the worlds largest plastics injection molders and I have been doing so for almost ten years. I see the prices of EVERYTHING that comes in and out of this facility. And resin has not increased much, and in some cases has went down, since 2010. Let alone mold costs or salaries for the average engineer or CAD design tech.

So, tell us another lie Hasbro.......

What are you talking about? How did Hasbro lie to you?

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677200)
Posted by griftimus prime on April 20th, 2015 @ 3:28pm CDT

if they want the movie released by then then they should be working on it already.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677205)
Posted by Shockwave7 on April 20th, 2015 @ 3:53pm CDT

Eeeechh - another bayverse nightmare? And another three quarters or so of Bumblebee repaints clotting store shelves with no one buying, and Hasbro blaming US for not wanting that garbage....

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677236)
Posted by Deadput on April 20th, 2015 @ 6:11pm CDT

mooncake623 wrote:
What are you talking about? How did Hasbro lie to you?

Ignore him he exaggerates on things like this.

Everything's prices increase hell for example there was this restaurant in my town that used to sell Hot dogs for 25 cents in homage of the old times yet they recently increased the price from at first 75 cents to a dollar and 25 cents.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677242)
Posted by OptimalOptimus2 on April 20th, 2015 @ 6:38pm CDT

My adrenaline started increasing when I read this title. I, for some reason, have an urge to give story ideas to Hasbro. But, I have doubts. Too many doubts. :BANG_HEAD:

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677258)
Posted by Zeedust on April 20th, 2015 @ 7:53pm CDT

I knew TF5 was inevitable, but the announcement still filled me with dread.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677271)
Posted by fenrir72 on April 20th, 2015 @ 8:56pm CDT

mooncake623 wrote:
shockblast2 wrote:Would anyone else care to argue with the FACT that corporate greed and shareholder dividends are not the reason for insane price increases with the Transformers brand since 2007?

Or are you sticking with the material price BS that they use to rebuff anyone who asks? I can tell you first hand that is a LIE. Why? Because I run the AP department of one of the worlds largest plastics injection molders and I have been doing so for almost ten years. I see the prices of EVERYTHING that comes in and out of this facility. And resin has not increased much, and in some cases has went down, since 2010. Let alone mold costs or salaries for the average engineer or CAD design tech.

So, tell us another lie Hasbro.......

What are you talking about? How did Hasbro lie to you?

If the quote from transwiki is correct, even Aaron Archer lost his hair because of the runaway prices of raw materials which affected most probably the sizes/scales of subsequent releases. Maybe Mr. Archer knows something we don't?

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677301)
Posted by Convoy on April 20th, 2015 @ 10:04pm CDT

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677338)
Posted by BERSEKAEL on April 20th, 2015 @ 11:25pm CDT

Unicron! please

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677353)
Posted by fenrir72 on April 20th, 2015 @ 11:55pm CDT

Shockwave7 wrote:Eeeechh - another bayverse nightmare? And another three quarters or so of Bumblebee repaints clotting store shelves with no one buying, and Hasbro blaming US for not wanting that garbage....

Enough to make you barf alright!

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677403)
Posted by NuclearConvoy on April 21st, 2015 @ 9:02am CDT

I want Hasbro stock.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677414)
Posted by Wheeljack808 on April 21st, 2015 @ 9:47am CDT

Really could not care less, I'm not going to go see it so, yeah have fun guys.

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677446)
Posted by Bumblevivisector on April 21st, 2015 @ 11:57am CDT

shockblast2 wrote:Well, their price increase was about 5%, so why is this a revelation?

Keep this up and by 2020 we will be paying 19.99 for a deluxe, just so we can have the honor of lining the pockets of the upper management of Hasbro.

Since Combiner Wars deluxes already jumped to $19.99 at TRU 2 weeks ago, all we're really waiting on 'til 2020 is the power of hindsight. Hasn't affected other Generations Deluxes, and other stores haven't caught up yet; Meijers has them on sale for $14 or so, meaning there are literally none on the pegs, so TRU sure did them a favor, huh?

I'm more inclined to agree with whoever said that North American prices are finally creeping up to match those in the rest of the world. Don't blame Hasbro, cuz our REAL enemy is the Trans-Pacific-Partnership! Rise up and protest bad trade deals!!!

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1677577)
Posted by fenrir72 on April 21st, 2015 @ 6:45pm CDT

Somewhat old news but I heard that domestic prices of MP 10 (Opimus Prime) Hasbro version was waaaaaaaaaaaaay below what it actually cost in Asia. Maybe because of the non painted trailer, Roller and some detailing but still waaaaay below the SRP in the Asian market.

Why is that then? Did the Asian price help ofset the lower priced domestic USA releases?

Re: Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015 (1679388)
Posted by LegendaryAntiHero on April 25th, 2015 @ 8:56pm CDT

Possibly. Can't see any other reason why