Mattel (MAT) Tops Q2 EPS by 8c
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Mattel Reports Second Quarter 2020 Financial Results
July 23, 2020 4:05 PM EDTSecond quarter Net Sales of $732 million, down 15% as reported, and down 13% in constant currency, versus prior year. Gross Sales of $815 million, down 15% as reported, and down 13% in constant currency. Global POS1 up high-single-digits versus prior year, a significant improvement compared to the first quarter. Reported Gross Margin of 43.8%, an improvement of 410 basis points; Adjusted Gross Margin of 44.0%, an improvement of 410 basis points. Reported Operating Loss of $46 million, compared to a prior year loss of $51 million; Adjusted Operating Loss of $26 million, compared to a prior year loss... More
