Latest news with #Toymaker
Yahoo
27-07-2025
- Business
- Yahoo
Mattel (MAT) Falls 16% on Lower Earnings, Guidance
We recently published . Toymaker Mattel, Inc. (NASDAQ:MAT) is one of the worst-performing stocks on Thursday. Toymaker Mattel, Inc. (NASDAQ:MAT) dropped its share prices by 16.39 percent on Thursday to close at $16.89 apiece as investors soured on the company's dismal earnings performance and lowered revenue guidance for the full year. In its earnings release, Mattel, Inc. (NASDAQ:MAT) said net income in the second quarter of the year declined by 6 percent to $53.4 million from $56.9 million in the same period last year. Net sales also decreased by 6 percent to $1.018 billion from $1.08 billion year-on-year. For the six-month period, net income fell by 54 percent to $13 million from $28.6 million, while net sales dipped by 2 percent to $1.845 billion from $1.889 billion year-on-year. Photo by George Filippopoulos on Unsplash For the full year, Mattel, Inc. (NASDAQ:MAT) lowered its full-year net sales growth expectations to a range of 1-3 percent from 2-3 percent previously. Adjusted earnings per share were also pegged at a range of $1.54-$1.66 as compared with the $1.66-$1.72 prior. While we acknowledge the potential of MAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
23-07-2025
- Business
- Reuters
Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties
July 23 (Reuters) - Toymaker Mattel (MAT.O), opens new tab cut its annual forecast, reinstating it after two months, and posted a sharp drop in second-quarter revenue on Wednesday, as weak Barbie sales in North America and global trade uncertainties weighed on demand. The Hot Wheels parent had pulled its sales and profit forecasts in May, when U.S. President Donald Trump's shifting trade policy upended global supply chains and cast uncertainty over consumer spending trends. CEO Ynon Kreiz told Reuters that timing shifts in retailer ordering patterns had an outsized impact on Mattel's U.S. business during the second quarter. He expects that the company will recover most of its sales in the back half of the year. Shares of Mattel were down 4.5% in volatile trading after the bell, as it also forecast lower 2025 gross margin compared to last year. Mattel now expects a rise in 2025 net sales of 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate of $1.66 to $1.72 apiece. Adjusted gross margin is expected to be 50%, compared to 50.9% in 2024. "We believe the slowdown is being impacted by the current trade environment and the company's full-year margin guidance shows a larger-than-expected impact from tariffs," CFRA analyst Zachary Warring said. Analysts have warned that retailers such as Walmart (WMT.N), opens new tab, Target (TGT.N), opens new tab and (AMZN.O), opens new tab were limiting building up inventory going into the key holiday season to minimize exposure to higher tariffs. Earlier in the day, rival Hasbro (HAS.O), opens new tab raised its annual revenue outlook but warned that its U.S. customers had postponed their orders to later this year owing to tariff uncertainty. In May, Mattel outlined plans to fully mitigate tariff costs in 2025 through a combination of price hikes and diversifying its supply chain. "We estimate the tariffs exposure this year, based on current tariff levels, and before any mitigation actions, is less than $100 million," Kreiz said on Wednesday. Mattel reported a quarterly 6% drop in net sales to $1.02 billion, missing analysts' estimate of a 2.7% decline to $1.05 billion, according to data compiled by LSEG. The weakness was driven by a 16% fall in North America sales, primarily due to fewer new product launches for Barbie and delayed inventory decisions by retailers. Adjusted profit came in at 19 cents per share, compared with the estimate of 15 cents apiece.
Yahoo
23-07-2025
- Business
- Yahoo
Mattel posts steeper sales decline than expected on soft Barbie demand
(Reuters) -Toymaker Mattel posted a bigger-than-expected drop in second-quarter revenue on Wednesday, as weak Barbie sales in North America and cautious inventory planning by retailers amid global trade uncertainties weighed on demand. The company, however, reinstated its full-year sales and profit forecast after pausing it in May, when U.S. President Donald Trump's shifting trade policy upended global supply chains and cast uncertainty over consumer spending trends. Mattel, the owner of brands such as Hot Wheels, Fisher-Price and Uno, now expects a rise in 2025 net sales of 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Mattel's finance chief Paul Ruh said timing shifts in retailer ordering patterns impacted its U.S. business, indicating that retailers such as Walmart, Target and were limiting building up inventory going into the key holiday season to minimize exposure to higher tariff rates. Worldwide gross billings for dolls fell 19%, while the infant, toddler and preschool category, which includes Fisher-Price, Baby Gear & Power Wheels brands logged a 25% drop. Mattel reported a 6% drop in net sales to $1.02 billion for the quarter ended June 30, missing analysts' average estimate of a 2.7% decline to $1.05 billion, according to data compiled by LSEG. The weakness was driven by a 16% fall in North America sales, primarily due to fewer new product launches for Barbie and delayed inventory decisions by retailers. Adjusted profit came in at 19 cents per share, compared with the estimate of 15 cents each. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
