earnings
confidence high
sentiment negative
materiality 0.70
Mattel Q2 net loss $18M vs net income $53M; revenue up 10% to $1.125B
MATTEL INC /DE/
- Net loss of $18M ($0.06 loss per share) vs net income of $53M ($0.16 EPS) in prior year.
- Adjusted EPS $0.01 vs $0.21; adjusted operating income $39M down $57M.
- Gross margin 48.2% down 270 bps; adjusted gross margin 48.6% down 260 bps due to tariffs and inflation.
- Reiterates FY2026 guidance: net sales +3-6% constant currency, adj. EPS $1.27-$1.39, adj. operating income $580-$630M.
- Repurchased $100M shares in Q2, $300M YTD; reaffirms $400M full-year target.