Mattel Inc. (MAT) PT Lowered to $17 at Jefferies Following 2Q Miss
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Mattel Reports Second Quarter 2017 Financial Results
July 27, 2017 4:05 PM EDTEL SEGUNDO, Calif., July 27, 2017 /PRNewswire/ --
Second Quarter Highlights1
Worldwide net sales up 2% as reported, and up 3% in constant currency; worldwide gross sales up 1% as reported, and up 2% in constant currency. Strong International performance with net sales up 8%, and gross sales up 6% as reported, offset by lower sales in North America. Year-to-date POS remains strong across key power brands including Barbie®, Hot Wheels® and Fisher-Price®.2 Reported loss per share of $0.16, and adjusted loss per share of $0.14. On June 14, 2017, Board declared a 2017 third quarter cash dividend... MoreMattel And Babytree To Launch Child-focused Learning Centers In China
July 26, 2017 9:00 AM EDTEL SEGUNDO, Calif., July 26, 2017 /PRNewswire/ -- Mattel, Inc. (NASDAQ: MAT) and Babytree, the world's largest parenting portal, today launched the second phase of their strategic partnership, focused on co-developing a network of physical learning centers across China, that will extend their online partnership. With curriculum and activities inspired by Mattel's trusted and globally recognized early childhood development brand, Fisher-Price®, the network of learning centers will further solidify Mattel's position in China as a partner of choice for parents in learning and development.
An extension of Mattel and Babytree's online parenting... More
