Research Desk Line-up: Mattel Post Earnings Coverage

LONDON, UK / ACCESSWIRE / October 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Hasbro, Inc. (NASDAQ: HAS), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=HAS, following the Company's posting of its third quarter fiscal 2017 operating results on October 23, 2017. The No. 2 US toymaker surpassed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Toys & Games industry. Pro-TD has currently selected Mattel, Inc. (NASDAQ: MAT) for due-diligence and potential coverage as the Company reported on October 26, 2017, its financial results for Q3 2017. Register for a free membership today, and be among the early birds that get access to our report on Mattel when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on HAS; also brushing on MAT. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=HAS

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Earnings Reviewed

For the third quarter of the fiscal year 2017, Hasbro's net revenues increased 7% to $1.79 billion versus $1.68 billion in Q3 2016. The Company's reported quarter revenues included a favorable $29.6 million impact from foreign exchange. Hasbro's revenue numbers topped analysts' estimates of $1.78 billion.

Hasbro's net earnings increased 3% to $265.6 million, or $2.09 per diluted share, for Q3 2017 compared to $257.8 million, or $2.03 per diluted share, in Q3 2016. The Company's earnings beat Wall Street's estimates of $1.94.

Major Segment Performance

During Q3 2017, Hasbro's US and Canada segment's net revenues increased 7% to $993.8 million compared to $932.8 million in Q3 2016. The segment was negatively impacted by the Toys"R"Us bankruptcy in the US and Canada. In combination with a shift in product mix, this contributed to a 5% decline in the US and Canada segment's quarterly operating profits to $217.3 million, or 21.9% of net revenues, in the reported quarter compared to $228.0 million, or 24.4% of net revenues, in the year-earlier same quarter.

For Q3 2017, Hasbro's International segment's net revenues increased 7% to $739.2 million compared to $690.7 million in Q3 2016. The segment's reported quarter revenues included a favorable $27.9 million impact of foreign exchange. On a regional basis, Europe revenues increased 3%; Latin America increased 13%; and Asia/Pacific increased 17%; while emerging markets revenues increased 8% versus the year ago comparable period. During Q3 2017, Hasbro's International segment's operating profit decreased $1.1 million to $132.0 million, or 17.9% of net revenues, compared to $133.1 million, or 19.3% of net revenues, in Q3 2016.

During Q3 2017, Hasbro's Entertainment and Licensing segment's net revenues grew 4% to $58.4 million compared to $56.1 million in Q3 2016. The Entertainment and Licensing segment's operating profit increased 20% to $16.9 million, or 28.9% of net revenues, in the reported quarter compared to $14.1 million, or 25.1% of net revenues, in the year ago corresponding period.

Brand Portfolio Performance

During Q3 2017, Hasbro's gaming category's total revenues came in at $424.8 million, up 4% versus $409.5 million in Q3 2016.

For Q3 2017, Hasbro's Franchise Brand's revenues increased 7% to $827.3 million on a y-o-y basis driven by revenue growth in NERF, TRANSFORMERS, MY LITTLE PONY, and MONOPOLY. Franchise Brand's revenues grew in all three major operating segments. The Company's Partner Brand's revenues decreased 2% to $485.7 million. BEYBLADE, STAR WARS, DISNEY DESCENDANTS, and SESAME STREET posted revenue gains in the quarter. This was more than offset by declines in certain brands, including YO-KAI WATCH as well as DREAMWORKS' TROLLS. Partner Brand's revenues increased in the US and Canada segment but declined in the International segment.

During Q3 2017, Hasbro Gaming's revenues grew 22% to $280.1 million, driven by Hasbro's diverse gaming portfolio, including face-to-face and digital gaming. The Company's new social games drove significant growth, including SPEAK OUT and FANTASTIC GYMNASTICS along with revenue growth in several other games brands. Hasbro Gaming's revenue grew in the US and Canada, and International segments. Hasbro's total gaming category grew 4% to $424.8 million, including revenue growth from MONOPOLY and an expected decline in MAGIC: THE GATHERING.

Dividend and Share Repurchase

Hasbro paid $71.4 million in cash dividends to shareholders during Q3 2017. The next quarterly cash dividend payment of $0.57 per common share is scheduled for November 15, 2017, to shareholders of record at the close of business on November 01, 2017.

During Q3 2017, Hasbro repurchased 947,300 shares of its common stock at a total cost of $92.9 million and an average price of $98.06 per share. Hasbro repurchased $111.5 million worth of its common stock during the first three quarters of 2017. At quarter-end, the Company had $216.5 million remaining available in the current share repurchase authorization.

Stock Performance

On Friday, October 27, 2017, the stock closed the trading session at $97.14, climbing 2.33% from its previous closing price of $94.93. A total volume of 2.58 million shares have exchanged hands, which was higher than the 3-month average volume of 1.44 million shares. Hasbro's stock price surged 0.13% in the last one month and 17.30% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 24.87%. The stock is trading at a PE ratio of 20.71 and has a dividend yield of 2.35%. The stock currently has a market cap of $11.87 billion.

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