Mattel (MAT) Tops Q2 EPS by 12c
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Revenue Growth %: +7.8%
Financial Fact:
Dividends Declared Per Common Share: 0.38
Today's EPS Names:
OCCI, MAYS, CRMT, More
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Mattel (NASDAQ: MAT) reported Q2 EPS of $0.18, $0.12 better than the analyst estimate of $0.06. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.1 billion.
GUIDANCE:
Mattel sees FY2022 EPS of $1.42-$1.48, versus the consensus of $1.48.
2022 Guidance and 2023 Goals
Mattel’s 2022 guidance is:
| (in millions, except EPS and percentages) | FY2022 Expected | FY2021 | ||
| Net Sales | +8 - 10% |
| $5,458 | |
| Net Sales Currency Translation | (2 - 3%) |
|
| |
| Adjusted Gross Margin | 47 - 48% |
| 48.2% | |
| Adjusted EBITDA | $1,100 - $1,125 |
| $1,007 | |
| Adjusted EPS | $1.42 - $1.48 |
| $1.30 | |
| Adjusted Tax Rate | 26 - 28% |
| 25% | |
| Capital Expenditures | $175 - $200 |
| $151 | |
Mattel’s 2023 goals remain as follows:
| FY2023 | ||
| Net Sales | + High-Single Digit % | |
| Adjusted Operating Income Margin | ~16 - 17% | |
| Adjusted EPS | > $1.90 |
For earnings history and earnings-related data on Mattel (MAT) click here.
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