Mattel, Inc. (NASDAQ:MAT) reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: Mattel reported quarterly earnings of $1.09 per share, which beat the analyst consensus estimate of 95 cents. Quarterly revenue came in at $1.843 billion which missed the analyst consensus estimate of $1.858 billion and represents a decrease from sales of $1.919 billion from the same period last year.
“We continue to execute on our multi-year strategy to grow our IP-driven toy business and expand our entertainment offering. In line with our priorities this year, we continue to improve profitability, expand Gross Margin, and generate significant cash flow,” said Ynon Kreiz, CEO of Mattel.
“We expect topline growth in the fourth quarter driven by a good holiday season, market share gains and a toyetic theatrical slate and are well positioned for long-term growth and shareholder value creation,” Kreiz added.
Outlook: Mattel sees fiscal year adjusted earnings of between $1.35 and $1.45 per share, versus the $1.44 estimate.
MAT Price Action: According to Benzinga Pro, Mattel shares are up 3.32% after-hours at $18.37 at the time of publication Wednesday.
Read Also:
Photo: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
