Why Is Mattel (MAT) Up 1.2% Since Last Earnings Report?
Mattel reported Q2 2026 earnings of 1 cent per share, missing estimates by 66.7% due to higher advertising and administrative expenses, though net sales of $1.13 billion beat consensus. Growth was driven by Vehicles (Hot Wheels) and Action Figures, while Dolls and Preschool categories declined. Gross margins contracted 260 basis points due to tariffs and inflation. The company reaffirmed its 2026 outlook for 3-6% constant-currency sales growth and $1.27-$1.39 EPS. Mattel holds a Zacks Rank #3 (Hold) with upward estimate revisions.