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Hasbro improved profitability and EPS growth in Q1 2024 25 APR 2024

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Hasbro improved profitability and EPS growth in Q1 2024

The revenue dropped 24% due to the eOne sale, but excluding that, it decreased 9%, with growth in some segments offset by declines in Consumer Products. Its operating profit of $116.2 million includes eOne-related costs, resulting in a 15.3%. margin. The entertainment revenue fell 85% due to the eOne sale, but excluding that, it grew 65%, driven by "Peppa pig" content.