Hasbro posts q1 adjusted earnings per share of $0.57

Hasbro reports first quarter 2020 financial results.q1 adjusted earnings per share $0.57 excluding items.q1 loss per share $0.51.q1 revenue $1.11 billion versus refinitiv ibes estimate of $1.14 billion.q1 earnings per share estimate $0.58 -- refinitiv ibes data.company is withdrawing its 2020 outlook issued at its toy fair presentation on february 21, 2020.hasbro is in a good financial position and ended q1 with $1.2 billion in cash.company's $1.5 billion revolving credit facility is also available.as a result of covid-19, we expect q2 to be more challenging than q1 of year with revenues and earnings down versus pro forma 2019.remains well within its financial covenants for its $1 billion term loan and revolving credit facility.next major debt maturity is $300 million in may 2021.third-party factories in china operated at lower than planned production levels during q1 due to covid-19.third-party factories in china are currently operating at planned capacity for this time of year.anticipates making up production lost in q1 in q2 and to be well positioned to meet holiday demand.board remains committed to dividend.manufacturing and warehouse partners outside of china operated at close to normal levels during much of q1.next quarterly cash dividend payment of $0.68 per common share is scheduled for may 15, 2020.
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