Mattel reports Q2 adjusted EPS 19c, consensus 16c

Reports Q2 revenue $1.02B, consensus $1.05B. Ynon Kreiz, Chairman and CEO of Mattel (MAT), said: “Our second quarter performance reflects operational excellence in the current macroeconomic environment as we continue to execute our strategy to grow Mattel’s IP-driven toy business and expand our entertainment offering. We achieved meaningful gross margin expansion, grew internationally, and further progressed our entertainment slate. We are embracing technology and collaborating with world-class partners to bring our iconic brands to life in new ways to position Mattel for long-term success.”