Mattel misses second-quarter profit estimates as toy spends slow
The Barbie maker posted 1 cent a share in adjusted profit, missing estimates as tariff, inflation and promotion costs cut margins.
10 Articles
10 Articles
Mattel reported larger sales in the second quarter, although the company went on to record losses, with higher expenses weighing on the margins. The toy manufacturer published its quarterly results on Tuesday (4), with a loss of $18.2 million, or $0.06 per share, compared to a profit of $53.4 million, or $0.16 per share, in the previous year. Exclusive material for subscribers. To have full access, access the link of the material and register.
Mattel unveils strong Q2 sales increase
While gross margins were under pressure, sales of Action Figures, Games and Hot Wheels all showed exceptional growth. Mattel has unveiled its Q2 financial results, in which Net Sales reached $1.125b, up +10% as reported, and +9% in constant currency, versus the previous year’s second quarter. The increase in Net Sales as reported was driven by a +12% increase in North America and a +9% increase in international markets. Reported Gross Margin was…
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