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0 -0.000427174472465179 -0.00154400411734419 -0.00128667009778685 -0.00746268656716416 -0.0051466803911476 -0.00386001029336075 -0.0128667009778693
Stock impact report

Why Mattel Stock Jumped This Morning [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
As of noon ET, Mattel stock was up almost 5%. Investors look past some shortcomings The stock market's positive reaction to Mattel's financial results is a little surprising. Q1 net sales were down 1% year over year to $810 million, which was below expectations. The company's gross margin had a strong improvement to 48%. Its net loss improved by $78 million compared to the prior-year period. But despite the profit improvements, it still had a Q1 net loss of $28 million. In short, Mattel's financial results may have had some encouraging elements, but I wouldn't necessarily call them good. For the rest of the year, Mattel's guidance is modest. The company expects sales to be flat compared to 2023. And it expects its free cash flow to drop to $500 million compared with over $700 million last year. Plenty of silver linings With brands such as Barbie, Hot Wheels, and Fisher-Price, Mattel has some of the most recognizable properties in the business. The company seeks to keep the Show less Read more
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