Toymaker Mattel's quarterly loss smaller than expected as cost cuts pay off [Yahoo! Finance]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
MAT posts Q1 adj loss of 5 cents/shr vs est. of 12 cents/shr Reports Q1 sales of $809.5 mln vs est. of $831.8 mln By Granth Vanaik April 23 (Reuters) - Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys and games. The toymaker has planned to exit less profitable brands, consolidated its American Girl operating segment and streamlined its supply chain as part of efforts to achieve $200 million in savings by 2026. "We are off to a good start for the year with significant margin expansion and very strong improvement in free cash flow," CEO Ynon Kreiz said in an interview with Reuters. Mattel's gross margin grew 8 percentage points to 48% in the first quarter, also in part due to easing input costs as well as lower inventory management expenses. Rival Hasbro, which is expecting a bigger hit to revenue in the first half of 2024, has also undertaken workforce re
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News
- Airbnb pone en renta la casa de ‘Up’ [The New York Times]The New York Times
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- Matchbox Launches New Mercedes-Benz Die-Cast Car to Celebrate the Reveal of the All-New Electric G-ClassBusiness Wire
- Shonda Rhimes thinks people tried too hard to make 'Barbie' a 'feminist manifesto' [Business Insider]Business Insider
- American Culture Quiz: Test your command of classic Hollywood, Kentucky horses and more [FOX News]FOX News
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- MAT's page on the SEC website