Mattel (MAT) Tops Q1 EPS by 7c, Revenue Misses, Offers Guidance

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Mattel Reports First Quarter 2024 Financial Results

April 23, 2024 4:05 PM EDT

First Quarter 2024 Highlights Versus Prior Year

Net Sales of $810 million, down 1% as reported and in constant currency Gross Margin of 48.0%, an increase of 800 basis points; Adjusted Gross Margin of 48.3%, an increase of 830 basis points Operating Loss of $36 million, an improvement of $80 million; Adjusted Operating Loss of $23 million, an improvement of $63 million Net Loss of $28 million, an improvement of $78 million Loss per Share of $0.08 compared to a Loss of $0.30 per share; Adjusted Loss per Share of $0.05 compared to an Adjusted Loss of $0.24 per share Adjusted EBITDA of $54 million, an improvement of $67... More