Mattel (MAT) Reports Q2 Beat, Provides Guidance
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Mattel Reports Second Quarter 2022 Financial Results
July 21, 2022 4:05 PM EDTSecond Quarter 2022 Highlights Versus Prior Year
Net Sales of $1,236 million, up 20% as reported, and 24% in constant currency Reported Gross Margin of 44.4%, a decrease of 310 basis points; Adjusted Gross Margin of 44.9%, a decrease of 260 basis points Reported Operating Income of $125 million, up 155%, an increase of $76 million; Adjusted Operating Income of $121 million, up 82%, an increase of $55 million Reported Net Income of $66 million, an improvement of $72 million Reported EPS of $0.18, an improvement of $0.20 per share; Adjusted EPS of $0.18, an improvement of $0.15 per share Adjusted EBITDA of $185 million, up 42%, an increase of $55... More