00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Mattel reported second quarter net sales of $1.019 billion, down 6% year-over-year,
00:08and below the street estimate of $1.068 billion, according to data from Benzinga Pro.
00:12The company posted earnings of $0.19 per share, meeting expectations of $0.17.
00:17CEO Nan Kree's highlighted gross margin expansion,
00:20international growth, and progress in the company's entertainment slate.
00:23Mattel saw steep declines in sales of dolls in its infant, toddler, and preschool categories.
00:28Sales of vehicles and action figures grew, driven by strong performance in Hot Wheels and related products.
00:33Army sales declined amid consumer concerns over affordability and tariff-driven headlines.
00:38Tull lowered full-year EPS guidance to $1.54 to $1.66 per share,
00:43and revised its sales growth forecast to 1% to 3%.
00:46Companies cited market volatility and global trade risks.
00:50Shares fell 4.46% after hours.
00:52For all things money, visit Benzinga.com.
Comments