Mattel Q2 results beat estimates, co reiterates FY 2022 and 2023 guidance

Jul. 21, 2022 4:06 PM ETMattel, Inc. (MAT)By: Anuron Mitra, SA News Editor1 Comment

Mattel Corporate Headquarters Building

Wolterk

  • Mattel (NASDAQ:MAT): Q2 Non-GAAP EPS of $0.18 beats by $0.12.
  • Revenue of $1.24B (+20.4% Y/Y) beats by $140M.
  • MAT keeps FY 2022 guidance unchanged.
  • Sees FY 2022 net sales to grow 8%-10% in constant currency. The consensus revenue estimate is 8.3% Y/Y growth to $5.91B.
  • Sees FY 2022 adj. EPS of $1.42-$1.48 vs. consensus EPS estimate of $1.48.
  • MAT keeps FY 2023 guidance unchanged.
  • Sees FY 2023 net sales +high-single digit % in constant currency. The consensus revenue estimate is 7.52% Y/Y growth to $6.36B.
  • Sees FY 2023 adj. EPS to be greater than $1.90 vs. consensus EPS estimate of $1.95.
  • Press release
  • Shares -0.7% after hours.

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