The Market Wasn't Playing, but Hasbro Earnings Were Game
Going into its quarterly earnings report, toymaker Hasbro, Inc. (NASDAQ: HAS) was having a banner year. The stock had been up 49% year to date, making to one of the top performers in the S&P 500, and up an incredible 200% over the past five years, as the company expands its offerings across multiple screens and pursues an online and omnichannel sales strategy.
Investors were looking to see if the torrid pace of growth could continue. It's interesting to note that while revenue increases were higher both sequentially and year over year, they failed to meet investors' much too optimistic expectations for the quarter, which sent the stock down 10%. First I'll review the raw numbers, and then I'll tell you why I think the market got it wrong.
First, here's a look at net revenue.
Source: Fool.com
