Categories AlphaGraphs, Earnings, Leisure & Entertainment
MAT Earnings: A snapshot of Mattel’s Q1 2024 financial results
Toy maker Mattel, Inc. (NASDAQ: MAT) has reported lower sales and a narrower net loss for the first quarter of 2024. Total billings declined by 1% during the quarter.
The company’s net sales edged down 1% year-over-year to $809.5 million in the first quarter when total gross billings dropped modestly to $898.9 million.
Mattel reported an adjusted loss of $0.05 per share for the March quarter, vs. a loss of $0.24 per share in the prior-year period. The unadjusted net loss was $28.3 million or $0.08 per share in Q1, compared to a loss of $106.5 million or $0.30 per share in the first quarter of 2023.
“Trends in consumer demand for our product improved through the quarter and we expect to outpace the industry and gain market share in 2024. We are executing our strategy to grow our IP-driven toy business and expand our entertainment offering,” said Mattel’s CEO Ynon Kreiz.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
