Mattel Inc. (NASDAQ:MAT) reported Q1 financial results with earnings per share (EPS) of losses of 5 cents, beating the analyst consensus estimate of losses of 12 cents per share. However, quarterly sales of $810 million missed the consensus estimate of $831.8 million, a 2.62% miss and a 0.56% decrease year-over-year. The company highlighted a strong start to the year with significant gross margin expansion, positive Adjusted EBITDA, and improvement in free cash flow. Mattel expects to outpace the industry and gain market share in 2024, driven by growth in Vehicles and Action Figures, despite declines in Infant, Toddler, Preschool, and Dolls categories. The company projects full-year adjusted EPS of $1.35 to $1.45, compared to the $1.39 estimate. Mattel shares rose 2.93% after-hours to $19.30.