Earnings ·
Mattel reported second quarter 2026 financial results with net sales of $1,125 million, a 10% increase as reported and…
MATMattel Inc
Mattel reported second quarter 2026 financial results with net sales of $1,125 million, a 10% increase as reported and 9% in constant currency compared to the prior year. The company posted a net loss of $18 million, or a loss per share of $0.06, contrasting with net income of $53 million and earnings per share of $0.16 in the previous year. Adjusted operating income decreased 57% to $39 million, while adjusted gross margin contracted by 260 basis points to 48.6%. Mattel reaffirmed its full-year 2026 guidance for net sales growth of 3% to 6% and adjusted earnings per share between $1.27 and $1.39. The company repurchased an additional $100 million in shares during the quarter, bringing year-to-date buybacks to $300 million against a full-year target of $400 million. Mattel operates as a global leader in the toy and family entertainment industry.