Hasbro Fiscal Q2 Earnings Beat Expectations

Hasbro reported fiscal Q2 diluted earnings of $0.53, up from last year’s $0.41, exceeding the Capital IQ consensus of $0.45. Net revenues in the quarter ended July 2 grew to $972.5 million from $878.9 million but still missed the average analyst forecast of $974.2 million compiled by Capital IQ.

Looking ahead, CFO Deborah Thomas said: “Our balance sheet and cash flows remain strong. While we are seeing some softness in economic conditions in Brazil and the U.K., our brands continue to resonate with consumers. We are well positioned with innovative new product driven by strong entertainment as we ente

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