Mattel (MAT) Misses Q2 EPS by 26c, Sales Miss; to Cut 2,200 Jobs

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Go back to Mattel (MAT) Misses Q2 EPS by 26c, Sales Miss; to Cut 2,200 Jobs

Mattel Reports Second Quarter 2018 Financial Results

July 25, 2018 4:05 PM EDT

EL SEGUNDO, Calif., July 25, 2018 /PRNewswire/ -- Mattel, Inc. (NASDAQ: MAT) today reported second quarter 2018 financial results.

"Mattel is a company with great potential. We see a lot of opportunities, but there has been a big discrepancy between our financial performance over the last few years and where the company should be," said Ynon Kreiz, Chairman and CEO of Mattel. "While the industry is evolving, the toy market continues to grow, and we should be able to reverse our own trends given our strong standing and... More