Hasbro, Inc. stock research
FY2023 Q1
Hasbro (HAS) Gross Margin — Quarter Ended Apr 2, 2023
Revenue decreased compared to both the prior quarter and the same quarter last year, while gross profit and cost of revenue also declined. Gross margin improved versus the prior quarter but was nearly stable compared to the year-ago quarter.
Gross margin takeaway
Quarter ended Apr 2, 2023 · FY2023 Q1
Revenue decreased compared to both the prior quarter and the same quarter last year, while gross profit and cost of revenue also declined. Gross margin improved versus the prior quarter but was nearly stable compared to the year-ago quarter.
- The gross margin improvement from the prior quarter was driven by a proportionally larger decline in cost of revenue relative to the decline in revenue. Compared to the year-ago quarter, the relationship among revenue, gross profit, and cost of revenue remained largely consistent, resulting in a stable gross margin.
- Revenue and gross profit were lower than both the immediately preceding quarter and the same quarter one year earlier. Gross margin was higher than the prior quarter but essentially unchanged from the year-ago quarter.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
71.5%
Gross profit
$715.7M
Revenue
$1.0B
Cost of revenue
$285.3M
Quarter-over-quarter change
n/a
Year-over-year change
+0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 2, 2023 | $1.0B | $715.7M | $285.3M | 71.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 27, 2022
+0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improvement from the prior quarter was driven by a proportionally larger decline in cost of revenue relative to the decline in revenue. Compared to the year-ago quarter, the relationship among revenue, gross profit, and cost of revenue remained largely consistent, resulting in a stable gross margin.
Revenue and gross profit were lower than both the immediately preceding quarter and the same quarter one year earlier. Gross margin was higher than the prior quarter but essentially unchanged from the year-ago quarter.
Monitor the trend in cost of revenue relative to revenue, as its proportionally larger decline drove the sequential margin improvement.