Hasbro, Inc. stock research
FY2024 Q2
Hasbro (HAS) Gross Margin — Quarter Ended Jun 30, 2024
Revenue increased from the prior quarter but declined compared to the same quarter last year. Gross margin improved both sequentially and year-over-year, as cost of revenue decreased more than revenue relative to the prior year and increased less than revenue sequentially.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased from the prior quarter but declined compared to the same quarter last year. Gross margin improved both sequentially and year-over-year, as cost of revenue decreased more than revenue relative to the prior year and increased less than revenue sequentially.
- The improvement in gross margin was driven by a lower cost of revenue relative to revenue compared to both prior periods.
- Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue and gross profit were lower, but gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
76.1%
Gross profit
$757.6M
Revenue
$995.3M
Cost of revenue
$237.7M
Quarter-over-quarter change
+3.1 pts
Year-over-year change
+5.2 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 |
|---|---|---|---|---|
| Oct 1, 2023 | $1.5B | $1.0B | $494.5M | 67.1% |
| Dec 31, 2023 | $1.3B | $714.9M | $574.0M | 55.5% |
| Mar 31, 2024 | $757.3M | $553.1M | $204.2M | 73.0% |
| Jun 30, 2024 | $995.3M | $757.6M | $237.7M | 76.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+3.1 pts
Year-over-year change
Jul 2, 2023
+5.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by a lower cost of revenue relative to revenue compared to both prior periods.
Compared to the prior quarter, revenue and gross profit were higher, and gross margin improved. Compared to the same quarter last year, revenue and gross profit were lower, but gross margin improved.
Monitor the trend in cost of revenue, as it decreased year-over-year while revenue also decreased.