Hasbro beats by $0.32, beats on revs
- Reports Q1 (Mar) earnings of $0.21 per share, $0.32 better than the S&P Capital IQ Consensus of ($0.11); revenues rose 2.3% year/year to $732.51 mln vs the $665.96 mln S&P Capital IQ Consensus.
- First quarter 2019 U.S. and Canada segment net revenues increased 1% to $357.9 million compared to $353.9 million in 2018. Revenue growth in Franchise Brands, Hasbro Gaming and Emerging Brands was partially offset by a decline in Partner Brands.
- Franchise Brands revenue increased 9% to $393.6 million. MAGIC: THE GATHERING, MONOPOLY, PLAY-DOH and TRANSFORMERS revenues increased in the quarter.
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