Mattel Posts Q2 Loss but Beats Estimates, Stock Jumps 4.5%
MAT sits 23% above its 52-week low of $12.728.
Summary
Mattel reported a Q2 net loss of $18.2M, but adjusted EPS of $0.19 beat the $0.17 consensus. Revenue rose to $1.08B, with gross margin expanding to 51.2% from 49.1% a year ago. North America gross billings grew 4% and international 6%, signaling demand strength. The company reaffirmed full-year 2026 guidance for adjusted EPS of $1.70-$1.80 and revenue growth of 2-3%. Shares rose 4.5% after hours as the beat and steady outlook offset the headline loss. This follows activist investor Southeastern Asset Management's push in May for strategic options, adding pressure for sustained performance.
At the time of this announcement, MAT was trading at $15.63 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $12.73 to $22.48. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.