Mattel (MAT) Tops Q1 EPS by 12c, Revenues Beat; Reaffirms
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Mattel Reports First Quarter 2022 Financial Results
April 27, 2022 4:05 PM EDTFirst Quarter 2022 Highlights Versus Prior Year
Net Sales of $1,041 million, up 19% as reported, and 22% in constant currency Reported Gross Margin of 46.4%, a decrease of 70 basis points; Adjusted Gross Margin of 46.6%, a decrease of 70 basis points Reported Operating Income of $80 million, up 136%, an increase of $46 million; Adjusted Operating Income of $90 million, up 190%, an increase of $59 million Reported Net Income of $21 million, an improvement of $134 million Reported EPS of $0.06, an improvement of $0.38 per share; Adjusted EPS of $0.08, an improvement of $0.18 per share Adjusted EBITDA of $152 million, up 65%, an increase of $60... More