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Hasbro fiscal Q2 profit climbs 26.2% YOY

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Hasbro fiscal Q2 profit climbs 26.2% YOY

Hasbro Inc. said its normalized net income for the fiscal second quarter ended June 26 came to 35 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS increased 26.0% year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $44.3 million, a gain of 26.2% from $35.1 million in the prior-year period.

The normalized profit margin climbed to 5.0% from 4.4% in the year-earlier period.

Total revenue rose 10.2% on an annual basis to $878.9 million from $797.7 million, and total operating expenses increased 10.0% from the prior-year period to $794.1 million from $722.2 million.

Reported net income grew 24.5% on an annual basis to $52.1 million, or 41 cents per share, from $41.8 million, or 33 cents per share.