Categories Earnings, Leisure & Entertainment

Mattel, Inc. (NASDAQ: MAT): Q4 2019 Earnings Snapshot

— Toymaker Mattel, Inc. (NASDAQ: MAT) reported adjusted earnings of $0.11 per share for the fourth quarter of 2019, vs. $0.01 per share expected.

— Net income was flat during the three-month period, compared to $9.6 million or $0.03 per share in the fourth quarter of 2018

— At $1.47 billion, net sales were down 3% year-over-year, vs. $1.5 billion analysts had forecast

— Net Sales in the North America segment decreased 3%; International sales were flat

— Net Sales in the American Girl segment decreased by 20%; Achieved structural simplification run-rate savings of $875 million

— Worldwide gross sales for Dolls were down 6%; global sales for the Infant, Toddler, and Preschool segment dropped 9%

— Gross Sales for Vehicles edged up by 1%; gross sales for Action Figures, Building Sets and Games climbed 9%

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Also Read:  Western Digital (WDC) drops after reporting inline earnings and missing revenue estimates for Q3

Most Popular

Levi Strauss (LEVI): Digital maintains momentum amid pandemic-induced store closures

Amid the COVID-19 pandemic, several retailers were forced to close their stores but in turn witnessed a pickup in their digital business. Levi Strauss & Co. (NYSE: LEVI) is the

Mattel’s (MAT) transformation plan will depend on how pandemic plays out

The ongoing market turmoil has upset the growth strategy set by Mattel, Inc. (NASDAQ: MAT), with focus on transitioning into an IP-driven company. Currently, the maker of legendary brands like

Lemonade (LMND): A successful IPO of 2020

The usage of artificial intelligence (AI) has accelerated rapidly in the fintech industry. Many insurance companies are using AI to compete with their competitors. These insurance companies use AI in

Top