Mattel (MAT) Tops Q3 EPS by 22c
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Mattel Reports Third Quarter 2023 Financial Results
October 25, 2023 4:05 PM EDTThird Quarter 2023 Highlights Versus Prior Year
Net Sales of $1,919 million, up 9% as reported, or 7% in constant currency Gross Margin of 51.0%, an increase of 280 basis points; Adjusted Gross Margin of 51.0%, an increase of 270 basis points Operating Income of $474 million, an increase of $82 million; Adjusted Operating Income of $506 million, an increase of $108 million Net Income of $146 million, which includes a non-cash charge of $212 million relating to the establishment of a valuation allowance on foreign deferred tax assets, compared to prior year Net Income of $290 million Earnings per Share of $0.41 compared to... More