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Hasbro fiscal Q2 profit falls 12.9% YOY

Hasbro Inc. said its normalized net income for the fiscal second quarter ended June 28 amounted to 28 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS fell 10.1% year over year from 31 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $35.1 million, a decline of 12.9% from $40.3 million in the year-earlier period.

The normalized profit margin fell to 4.4% from 4.9% in the year-earlier period.

Total revenue declined on an annual basis to $797.7 million from $829.3 million, and total operating expenses fell year over year to $722.2 million from $746.7 million.

Reported net income grew 22.9% from the prior-year period to $41.8 million, or 33 cents per share, from $34.0 million, or 26 cents per share.