Hasbro Wraps 2018 With Messy Quarter, but Brand Intangible Asset Still Healthy; Shares Fairly Valued
Narrow-moat Hasbro reported results that were weaker than we had anticipated, as cost deleverage on lower sales (which fell 13% in the final quarter) had a wider impact on profits. With performance muddied by the Toys ‘R Us bankruptcy, previously announced reorganization costs, and impairment charges surrounding Backflip Studios, it was difficult to find a silver lining in the firm’s results. While Hasbro continues to pivot to adjust to the evolving European landscape (which narrow-moat peer Mat...Hasbro is a global play and entertainment company. The company's segments are: United States and Canada, which includes the marketing and selling of action figures, electronic toys and related electronic interactive products, among others, primarily within the United States and Canada; International, which markets and sells both toy and game products primarily in the European, Asia Pacific, and Latin and South American regions; Entertainment, Licensing and Digital, which includes consumer products licensing, digital gaming, movie and television entertainment operations; and Global Operations, which sources finished products for the company's United States and Canada and International segments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.