Mattel (MAT) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.28%. A quarter ago, it was expected that this toy maker would post earnings of $0.16 per share when it actually produced earnings of $0.19, delivering a surprise of 18.75%.Over the last four quarters, the company has surp ...

Exhibit 99.1 NEWS RELEASE MATTEL REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Third Quarter 2024 Highlights Versus Prior Year • Net Sales of $1,844 million, down 4% as reported, and 3% in constant currency • Gross Margin of 53.1%, an increase of 210 basis points; Adjusted Gross Margin of 53.1%, an increase of 210 basis points • Operating Income of $488 million, an increase of $14 million; Adjusted Operating Income of $504 million, a decrease of $2 million • Net Income of $372 million, an improvement of $226 ...

Analysts on Wall Street project that Mattel (MAT) will announce quarterly earnings of $0.94 per share in its forthcoming report, representing a decline of 13% year over year. Revenues are projected to reach $1.84 billion, declining 4.3% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to ...

Core Viewpoint - Mattel, Inc. is expected to report third-quarter 2024 results on October 23, 2024, with earnings estimates showing a decline year over year, indicating potential challenges in sales and profitability [1][2]. Earnings Estimates - The Zacks Consensus Estimate for earnings is set at 94 cents, reflecting a 13% decrease compared to the previous year [2]. - Revenue estimates are approximately $1.84 billion, indicating a 4.1% decline from the same quarter last year [2]. Factors Impacting Performance - Sales in North America are anticipated to be weak, particularly in the Infant, Toddler, Preschool, Dolls, and Vehicle product categories, due to a challenging macroeconomic environment [3]. - Worldwide gross billings for key brands, including Barbie, Fisher-Price, and Hot Wheels, are projected at $524 million, $307 million, and $455 million, representing declines of 13.4%, 3.2%, and flat year over year, respectively [3]. Cost Pressures - The company's bottom line is likely to be affected by higher input cost inflation, unfavorable fixed cost absorption, and increased supply chain costs [4]. - Additional pressures include higher severance and restructuring expenses, incentive compensation, and pay increases, although ongoing cost-saving initiatives may mitigate some of these impacts [4]. Positive Factors - Contributions from the IP-driven toy business, innovations in the toy portfolio, and expanded entertainment offerings are expected to positively influence performance [4]. - The focus on demand creation in collaboration with retail partners and licensing partnerships may also support the company's results in the upcoming quarter [4]. Earnings Prediction Model - The current model does not predict an earnings beat for Mattel, with an Earnings ESP of -3.04% and a Zacks Rank of 3 (Hold) [5].

Mattel (MAT) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better than expec ...

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Mattel is recalling all models of its Fisher-Price Snuga infant swings after five deaths were reported from suffocation hazards between 2012 and 2022, the consumer protection authority and the toymaker said Thursday.The Snuga Swing, targeted at infants of up to nine months of age, has both front-to-back and side-to-side motions and comes in 21 different models.The Consumer Product Safety Commission said the swing should never be used for sleep and bedding materials such as blankets should not be added to it ...

The stock market edged higher to start the final full week of the third quarter. The S&P 500 is trading at fresh highs as Wall Street cheers on the Fed’s dovish start to its easing cycle.Some investors might not want to dive into technology stocks and other high-flying industries that might be overheated at the moment. Thankfully, there are tons of top-ranked value stocks to buy, especially if investors know where to look.Today we show investors how to screen for stocks that offer the potentially winning co ...

Investors interested in Toys - Games - Hobbies stocks are likely familiar with Mattel (MAT) and Take-Two Interactive (TTWO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies ...

Shares of Mattel, Inc. (MAT) have gained 16.1% in the past three months, outperforming the industry’s 3.6% growth. The initiative toward capturing the full value of its IPs and transforming itself into a high-performing toy company has caught the attention of investors.Major Growth Drivers for MAT StockDominance in Key Product Lines: Mattel continues to maintain its leadership position in core categories like dolls, vehicles and preschool products. Brands like Barbie, Hot Wheels and Fisher-Price remain unri ...