earnings
confidence high
sentiment positive
materiality 0.75
Mattel Q2 net sales up 20% to $1.236B; EPS $0.18; reiterates 2022 guidance
MATTEL INC /DE/
2022-Q2 EPS reported
$0.24
revenue$2,276,987,000
- Reported EPS $0.18 (improved $0.20 YoY); adjusted EPS $0.18 (up $0.15).
- Adjusted EBITDA $185M, up 42% YoY; operating income $125M, up 155%.
- North America net sales +30%; International +12% as reported (+20% constant currency).
- Gross margin 44.4% (down 310 bps) due to input cost inflation; adjusted gross margin 44.9%.
- Reiterates FY2022 guidance: net sales +8-10% constant currency, adj. EPS $1.42-1.48, adj. EBITDA $1,100-1,125M.