NasdaqGS:MATLeisure
Mattel (MAT) Stock Revenue Growth Clashes With Sharply Lower Profitability
The market clipped Mattel shares by 2.7% to about US$14.50, even though the quarter was all about profit pressure rather than a collapse in sales. Net sales in Q2 rose to just over US$1.1b, but earnings swung to a small loss as gross margin and operating income came under strain.
Coming into today, Mattel stock had posted a modest gain over the past month but was slightly weaker over three months. This report puts the focus squarely on whether the current margin squeeze is a temporary...