Mattel (MAT) Tops Q3 EPS by 57c
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Mattel Reports Third Quarter 2020 Financial Results
October 22, 2020 4:05 PM EDTThird quarter Net Sales of $1,632 million, up 10% as reported, and up 11% in constant currency, versus prior year. Gross Sales of $1,818 million, up 10% as reported, and up 11% in constant currency. Dolls category Gross Sales up 22% as reported, and up 24% in constant currency; Barbie Gross Sales up 29% as reported, and up 30% in constant currency. Reported Gross Margin of 51.0%, an improvement of 470 basis points; Adjusted Gross Margin of 51.0%, an improvement of 410 basis points. Reported Operating Income of $384.2 million, up 156%; Adjusted Operating Income of $401.3 million, up 131%. Reported Net Income of $316.0 million, up 348%.... More
