Mattel Reports Mixed Q2 Results: EPS Beat, Sales Miss
Portfolio Pulse from Erica Kollmann
Mattel, Inc. (NASDAQ:MAT) reported mixed Q2 results with an EPS beat but a sales miss. The company achieved significant gross margin expansion and reiterated its full-year 2024 guidance. Despite a 7.71% drop during regular trading, shares are up 1.39% after-hours.
July 23, 2024 | 9:06 pm
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Mattel reported mixed Q2 results with an EPS beat but a sales miss. The company achieved significant gross margin expansion and reiterated its full-year 2024 guidance. Despite a 7.71% drop during regular trading, shares are up 1.39% after-hours.
The EPS beat and gross margin expansion are positive indicators, while the sales miss is a slight negative. The after-hours price increase suggests investor confidence in the company's outlook and financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100