Mattel (MAT) Tops Q1 EPS by 25c, Sales Beat
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Mattel Reports First Quarter 2021 Financial Results
April 22, 2021 4:05 PM EDTNet Sales of $874 million, up 47% as reported, and 46% in constant currency, versus prior year Reported Gross Margin of 46.8%, an improvement of 380 basis points; Adjusted Gross Margin of 47.0%, an improvement of 350 basis points Reported Operating Income of $31 million, an improvement of $181 million; Adjusted Operating Income of $28 million, an improvement of $161 million Reported Net Loss of $115 million, an improvement of $96 million Adjusted EBITDA of $89 million, an increase of $155 million Completed a $1.2 billion refinancing transaction, reducing annual interest expense by $40 million Updated 2021... More
