Tuesday, April 19, 2022

Hasbro Now Targets Mid-single Digit Adj. Operating Profit Growth In FY22

While reporting first-quarter results on Tuesday, Hasbro, Inc. (HAS) said, the company has a plan for continued growth in 2022, including low-single digit revenue growth despite the strengthening of the U.S. dollar and potential risk of approximately $100 million in Russia. The company now targets mid-single digit growth in operating profit to achieve adjusted operating profit margin of 16%, which is above prior guidance; and operating cash flow in the range of $700 to $800 million.

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