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Hasbro profit beats consensus by 26.8% in fiscal Q1

Hasbro Inc. said its normalized net income for the fiscal first quarter ended March 27 was 31 cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.

EPS rose 73.2% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $38.8 million, a gain of 74.0% from $22.3 million in the year-earlier period.

The normalized profit margin rose to 4.7% from 3.1% in the year-earlier period.

Total revenue rose 16.5% year over year to $831.2 million from $713.5 million, and total operating expenses climbed 13.0% on an annual basis to $745.3 million from $659.3 million.

Reported net income rose 81.8% from the prior-year period to $48.2 million, or 38 cents per share, from $26.5 million, or 21 cents per share.