Mattel (MAT) Tops Q4 EPS by 10c, Sales Miss
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Mattel Reports Full Year and Fourth Quarter 2019 Financial Results
February 13, 2020 4:05 PM ESTFull Year 2019 Highlights
Company exceeded its full year 2019 guidance, making consistent progress in its transformation into an IP-driven, high-performing toy company. Net Sales of $4,505 million, flat as reported, including the negative foreign exchange impact of $75 million, and up 1% in constant currency, versus prior year. Gross Sales of $5,065 million, flat as reported, including the negative foreign exchange impact of $92 million, and up 2% in constant currency. Structural Simplification run-rate savings of $875 million exiting 2019, exceeding target of $650 million by $225 million, or 35%. Reported Gross Margin of 44.0%, an improvement of... More