Mattel (MAT) Q2 Earnings Top, Revenues Lag Estimates, Stock Up
Mattel(MAT) ZACKS·2024-07-25 00:15
Mattel, Inc. (MAT) reported mixed second-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top line missed the consensus estimate for the third straight quarter.The company experienced robust bottom-line performance, propelled mainly by significant gross margin expansion and growth in adjusted EBITDA. MAT is well positioned for the second half with new product innovation and increased retail support. The company is in a strong financial position t ...