Mattel (MAT) Tops Q2 EPS by 1c, Misses on Revenue, Offers FY24 EPS Guidance

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Go back to Mattel (MAT) Tops Q2 EPS by 1c, Misses on Revenue, Offers FY24 EPS Guidance

Mattel Reports Second Quarter 2024 Financial Results

July 23, 2024 4:05 PM EDT

Second Quarter 2024 Highlights Versus Prior Year

Net Sales of $1,080 million, down 1% as reported, and comparable in constant currency Gross Margin of 49.2%, an increase of 410 basis points; Adjusted Gross Margin of 49.2%, an increase of 430 basis points Operating Income of $83 million, an improvement of $20 million; Adjusted Operating Income of $96 million, an improvement of $21 million Net Income of $57 million, an improvement of $30 million Earnings per Share of $0.17 compared to $0.08 per share; Adjusted Earnings per Share of $0.19 compared to $0.10 per share Adjusted EBITDA of $171 million, an improvement of $23 million Repurchased $100 million of shares,... More