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Mattel, Inc. MAT shares are trading higher on Thursday. Analysts adjusted the company’s price target following the third-quarter results reported on Wednesday.Mattel reported EPS of $1.09 per share, which beat the analyst consensus estimate of 95 cents. Quarterly revenue came in at $1.843 billion, which missed the analyst consensus estimate of $1.858 billion.Mattel revised FY24 net sales guidance to comparable-slightly down in constant currency while maintaining adjusted EPS outlook at $1.35 and $1.45 versu ...

Mattel, Inc. (MAT) reported impressive third-quarter 2024 results, wherein the adjusted earnings and net sales topped the Zacks Consensus Estimate. The top line surpassed the consensus estimate after missing it for three consecutive quarters.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.On a year-over-year basis, net sales declined while adjusted earnings grew.The company’s quarterly results benefited notably from its Optimizing for Profitable Growth program along with the focus o ...

Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Mattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter.Earnings per share for both toy giants beat out Wall Street expectations while revenue missed, according to consensus estimates compiled by LSEG.But mixed results for both companies' third quarters were reflected in the updated year-end guidance for 2024.Mattel said it expects sales ...

Third Quarter 2024 Earnings (Unaudited Results) October 23, 2024 Cautionary Note Regarding Forward-Looking Statements / Presentation Information Mattel cautions the viewer that this presentation contains a number of forward-looking statements, which are statements that relate to the future and are, by their nature, uncertain. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include statements regarding Mattel's guidance and goals fo ...

Mattel, Inc. (NASDAQ:MAT) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Jenn Kettnich - VP, IR Ynon Kreiz - Chairman and CEO Anthony DiSilvestro - CFO Conference Call Participants Arpine Kocharyan - UBS Megan Alexander - Morgan Stanley Drew Crum - Stifel Stephen Laszczyk - Goldman Sachs Jim Chartier - Monness, Crespi, and Hardt Christopher Horvers - JPMorgan Kylie Cohu - Jefferies Alex Perry - Bank of America Linda Bolton-Weiser - D.A. Davidson Jaime Katz - Morningstar Ja ...

Barbie Dream Besties, from Mattel, are displayed at the TTPM 2024 Holiday Showcase event, in New ... [+] York, Tuesday, Sept. 17, 2024. (AP Photo/Richard Drew)Copyright 2024 The Associated Press. All rights reservedMattel has lowered its sales forecast for the year, in large part due to a 17% decline in gross billings for Barbie merchandise during the third quarter.The Barbie brand was up against tough comparisons to last year’s third quarter, when Mattel reaped the lion’s share of what was estimated to be ...

Mattel (MAT) reported $1.84 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of $1.14 for the same period compares to $1.08 a year ago.The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $1.84 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +21.28%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

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 ...