Aug. 4 at 10:12 PM
$MAT Mattel Delivers Growth While Holding 2026 Outlook
$MAT reported Q2 results:
Revenue:
$1.13B, up 10% YoY
Gross margin: 48.2%
Operating income:
$11M
Adjusted EPS:
$0.01
The company maintained its FY2026 guidance:
Revenue growth: +3% to +6%
Adjusted operating income:
$580M to
$630M
Adjusted EPS:
$1.27 to
$1.39
Hot Wheels and action figures remained strong growth drivers, while Barbie and Fisher-Price faced pressure.
Margins were impacted by tariffs, inflation, royalties, and FX headwinds, but Mattel continued its capital return strategy with
$100M in Q2 buybacks and
$300M YTD.
The key question now is whether new entertainment and gaming initiatives can drive the next phase of growth.
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