Hasbro (HAS) Revenue — Quarter Ended Apr 2, 2023
Revenue in the quarter declined compared to both the prior quarter and the same quarter a year earlier. The company noted its entertainment business faces risks from potential strikes that could delay production activities.
Key takeaway
Quarter ended Apr 2, 2023 · FY2023 Q1
Revenue in the quarter declined compared to both the prior quarter and the same quarter a year earlier. The company noted its entertainment business faces risks from potential strikes that could delay production activities.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-40.4%
Change from the immediately preceding quarter.
Year-over-year
-13.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 26, 2022 | $1.3B | +1.3% |
| Sep 25, 2022 | $1.7B | -14.9% |
| Dec 25, 2022 | $1.7B | -16.6% |
| Apr 2, 2023 | $1B | -13.9% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter and from the same quarter one year prior.
Quarterly comparison
When compared to the prior quarter, revenue was lower; the same pattern held against the year-ago period. The trailing twelve-month revenue total also reflected a decline.
What to watch
Potential strikes by writers or other unions could further impact the entertainment segment's production and revenue, as noted in the filing.