Mattel beats Q2 revenue but misses on earnings, gap with Hasbro widens

MAT Mattel Inc

$16.05 +5.11%

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1. 1Mattel (MAT) exceeded Q2 revenue estimates, but earnings fell sharply due to higher tariffs and marketing costs
2. 2Net revenue came in at $1.12 billion, beating the $1.10 billion estimate, while adjusted EPS was just $0.01, missing the $0.04 forecast
3. 3With the gap with Hasbro (HAS) widening, Mattel reaffirmed its full-year adjusted EPS guidance of $1.27–$1.39 and revenue growth of 3–6%

Source The Wall Street Journal +1 · View original ↗

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