Mattel's Q2 Adjusted Profit Misses at $0.01 vs. $0.04 Estimate; Tariffs Crush Margins
MAT is trading near its 52-week low of $12.728 (14% above the low).
Summary
Mattel's Q2 adjusted profit came in at just $0.01 per share, far below the $0.04 consensus, despite net sales of $1.12B beating estimates. Tariffs and heavier marketing spending drove adjusted gross margin down to 48.6%, erasing prior gains. This follows yesterday's initial Q2 report that highlighted a $0.19 adjusted EPS beat, but today's details reveal a much weaker underlying profit picture. The stock is now falling further behind rival Hasbro as cost pressures mount. Full-year guidance was reaffirmed, but the margin compression raises doubts about near-term profitability.
At the time of this announcement, MAT was trading at $14.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $12.73 to $22.48. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Binance News.