Hasbro, Inc. stock research
FY2023 Q3
Hasbro (HAS) Gross Margin — Quarter Ended Oct 1, 2023
Revenue and gross profit increased from the prior quarter but decreased from the same quarter last year. Gross margin weakened sequentially but improved compared to the prior year.
Gross margin takeaway
Quarter ended Oct 1, 2023 · FY2023 Q3
Revenue and gross profit increased from the prior quarter but decreased from the same quarter last year. Gross margin weakened sequentially but improved compared to the prior year.
- Relative to the same quarter last year, cost of revenue declined at a faster rate than revenue, contributing to a higher gross margin.
- Sequentially, revenue increased while cost of revenue increased at a higher rate, resulting in a lower gross margin. Year-over-year, revenue and cost both decreased, but the larger decline in cost led to an improved gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.1%
Gross profit
$1.0B
Revenue
$1.5B
Cost of revenue
$494.5M
Quarter-over-quarter change
-3.8 pts
Year-over-year change
+2.1 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% |
| Jul 2, 2023 | $1.2B | $857.8M | $352.2M | 70.9% |
| Oct 1, 2023 | $1.5B | $1.0B | $494.5M | 67.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 2, 2023
-3.8 pts
Year-over-year change
Sep 25, 2022
+2.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Relative to the same quarter last year, cost of revenue declined at a faster rate than revenue, contributing to a higher gross margin.
Sequentially, revenue increased while cost of revenue increased at a higher rate, resulting in a lower gross margin. Year-over-year, revenue and cost both decreased, but the larger decline in cost led to an improved gross margin.
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