Mattel (MAT) Misses Q1 EPS by 6c
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Mattel Reports First Quarter 2016 Financial Results And Declares Quarterly Dividend
April 20, 2016 4:06 PM EDTEL SEGUNDO, Calif., April 20, 2016 /PRNewswire/ -- For the first quarter of 2016, Mattel, Inc. (NASDAQ: MAT) reported worldwide gross sales down 1% in constant currency, worldwide net sales down 2% in constant currency, adjusted operating loss of $36.0 million and adjusted net loss per share of $0.13.
"Our results in the quarter reflect very solid progress, particularly in light of significant headwinds we faced at the outset of 2016," said Christopher Sinclair, Chairman and CEO of Mattel. "Retail sales continued to show strength across many of our core brands, and are closely aligned with... More
