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02-17-2023, 02:37 AM | #1 |
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02-17-2023, 02:50 AM | #2 |
Mass Nerderer
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Well, none of that really sounds all that encouraging.
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02-17-2023, 03:32 AM | #3 |
Iron Grenadier
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02-17-2023, 05:47 AM | #4 |
Cobra Lab Rat
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Q4 losses
https://news.hisstank.com/wp-content...-FINAL_008.jpg Whole year. The 2022 overall year stuff revenue being down 9% to 6% is not great for them. https://news.hisstank.com/wp-content...-FINAL_009.jpg Q4 losses in more detail. Includes whole year detail also on right side https://news.hisstank.com/wp-content...-FINAL_013.jpg ------------- So as to not risk being called stupid, I'm not a financial expert so please forgive any amateur mistakes I make and point them out. The Q4 stuff definitely has a whole bunch of () symbol changes which denote negative changes. ----------------- Overall Q4 -17% Revenue total. -26% Revenue in consumer retail, +22% Revenue from Wizards of the Coast. Hilarous, so the portion of the company now on fire was what saved Hasbro in Q4 from cratering. Should make them very nervous. https://news.hisstank.com/wp-content...-FINAL_011.jpg Wizard's did +22% this year Dec Q4 over last year's Q4. Sounds great until you realize to get this growth year long might burn them long term so yea. Guess they can take the Win on this hollow victory. https://news.hisstank.com/wp-content...-FINAL_016.jpg Q4 Consumer product( toys etc) Revenue declines and growth by World regions. https://news.hisstank.com/wp-content...-FINAL_020.jpg Biggest takeaway Year by Year is Hasbro burned through half their cash reserves since 2021 by Dec 2022 while paying pretty much the same dividend and doing a stock buyback of 125 Million. Operating cash flow went from 2021 818 to 2022 375. https://news.hisstank.com/wp-content...-FINAL_025.jpg *edit: Took out a wrong part here The statement also charges a Good Will Impairment on Power Rangers in the EBITDA section, which means they paid above market for Power Rangers and the value of Power Rangers as an Asset has declined, so take that info nugget if you're interested. I don't actually understand that section very well. https://news.hisstank.com/wp-content...-FINAL_035.jpg https://news.hisstank.com/wp-content...-FINAL_037.jpg (Why are all the numbers reversed in value? Negative positive, positive negative etc.) Last edited by Snakeeyesisposh; 02-17-2023 at 06:14 AM.. Reason: Editing some mistakes |
02-17-2023, 10:05 AM | #5 |
Hisstank.Com General
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So basically, Hasbro looks perfectly smart raising prices even more given Star Wars and Marvel had record growth.
This tells me higher prices aren't affecting how much people are buying in these properties. Which means expect prices to go even higher. |
02-17-2023, 10:07 AM | #6 |
Hisstank.Com General
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Quote:
The statement also charges a Good Will Impairment on Power Rangers in the EBITDA section, which means they paid above market for Power Rangers and the value of Power Rangers as an Asset has declined, so take that info nugget if you're interested. I don't actually understand that section very well.
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02-17-2023, 10:35 AM | #7 |
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Quote:
The 30% decline in "Emerging Brands" from Q421 to Q422 it appears excludes Peppa Pig, which got promoted to "Franchise Brand" in 2022; but footnote 1 (this is all slide 13) doesn't quite make it clear if that 30% drop is because of Peppa Pig's promotion (alliteration!) or if some other brand in '22 absolutely tanked. Was Peppa Pig moved to 2021 Franchise Brand column to make comparison more even or not? Not clear in the slide. My only other takeaway is that one aggressive shareholder who was trying to force a stock split by getting Hasbro to sell off WOTC may be onto something (but is still very weird and aggressive about it). It's a highly stable market in an otherwise super volatile sea. None of this tells me anything I can see w/r/t price for the year. Shrug. Would at least like to hear some executive thinking on the relationship between a volatile MSRP and sales.
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02-17-2023, 10:46 AM | #8 |
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Quote:
JTA had an interesting take on it: "So it seems even though Hasbro had a pretty bad 2022 and a really bad holiday season that Star Wars and Marvel toys are still seeing growth, at least for the full year. Now the big question is ? and this is something that was of course not addressed at all: how much of that revenue growth is explained by higher prices and how were actual unit sales affected? Prices for figures were up by almost 30% for select figures in 2022. It?s not unreasonable to assume that actual unit sales may be down and that the higher price point for many figures compensated for that." Curious quote from their article: "at least one analyst thinks both Marvel and Star Wars looked tired in the holiday season" |
02-17-2023, 11:17 AM | #9 |
Official know it all
Join Date: Oct 2007
Posts: 3,797
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Quote:
What slides are you looking at to that lead you to this conclusion?
The 30% decline in "Emerging Brands" from Q421 to Q422 it appears excludes Peppa Pig, which got promoted to "Franchise Brand" in 2022; but footnote 1 (this is all slide 13) doesn't quite make it clear if that 30% drop is because of Peppa Pig's promotion (alliteration!) or if some other brand in '22 absolutely tanked. Was Peppa Pig moved to 2021 Franchise Brand column to make comparison more even or not? Not clear in the slide. My only other takeaway is that one aggressive shareholder who was trying to force a stock split by getting Hasbro to sell off WOTC may be onto something (but is still very weird and aggressive about it). It's a highly stable market in an otherwise super volatile sea. None of this tells me anything I can see w/r/t price for the year. Shrug. Quote:
I tend to enjoy taking the long game approach. These short term losses and market shake ups are best to be viewed through a long lens as likely this too shall pass. And unlike some I don't look to Hasbro raising its prices as the ultimate reasons for their current troubles. There is likely a lot going on at the big 'H', not least of which their very recent and sudden loss in key directional leadership. They are understandably going through growing pains and perhaps Chris isn't the guy who can steer the ship long term, but we shall see how he pivots. All of that said, again it's best to sit back and just see how it all plays out. Last edited by Stygian; 02-17-2023 at 11:35 AM.. |
02-17-2023, 11:40 AM | #10 |
Crimson Guard
Join Date: Apr 2009
Location: Florida
Posts: 4,072
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If GIJoe is growing, do they now count it towards their flagship products instead their emerging brands?
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