Mattel (MAT) Tops Q1 EPS by 49c, Sales Miss

Mattel (NASDAQ: MAT) reported Q1 EPS of $0.32, $0.49 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $735.6 million versus the consensus estimate of $804.82 million.

• Worldwide net sales and gross sales down 15% as reported and in constant currency.
• Lower sales in North America and Europe, partially offset by strong performance in Asia Pacific (net sales and gross sales up 17% as reported), and continued momentum in Latin America (net sales down 1% and gross sales up 4% as reported).
• POS remains strong across key core brands: Barbie®, Hot Wheels® and Fisher-Price®.2
• Board declared a 2017 second quarter cash dividend of $0.38 per share, which is flat compared to the second quarter of 2016.

For earnings history and earnings-related data on Mattel (MAT) click here.

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