Earnings (Loss) Per Share

9 Months Ended

Sep. 29, 2024

Net earnings (loss) per share data for the three and nine months ended September 29, 2024 and October 1, 2023 were computed as follows:


	Three Months Ended				Nine Months Ended
	September 29, 2024		October 1, 2023		September 29, 2024		October 1, 2023
Net earnings (loss) attributable to Hasbro, Inc.	$	223.2	$	(171.1)	$	419.9	$	(428.2)

Average shares outstanding	139.5		138.8		139.3		138.7
Effect of dilutive securities:
Options and other share-based awards	1.0		—		0.7		—
Equivalent Shares	140.5		138.8		140.0		138.7

Net earnings (loss) attributable to Hasbro, Inc. per common share
Basic	$	1.60	$	(1.23)	$	3.01	$	(3.09)
Diluted	$	1.59	$	(1.23)	$	3.00	$	(3.09)

For the three and nine months ended September 29, 2024, options and restricted stock units totaling 1.1 million and 1.9 million, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. For the three and nine months ended October 1, 2023, options and restricted stock units totaling 2.1 million and 2.5 million, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. Of the fiscal 2023 amount, 1.9 million and 1.7 million shares, respectively, would have been included in the calculation of diluted shares had the Company not had a net loss for the three and nine months ended October 1, 2023. Assuming the Company was in a net earnings position, the awards and options that would have been included, under the treasury stock method, would have resulted in an additional 0.4 million and 0.2 million shares, respectively, being included in the diluted earnings per share calculation for the three and nine months ended October 1, 2023.