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

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