Mattel, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 24, 2024 at 01:35 am IST
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Mattel, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 809.5 million compared to USD 814.6 million a year ago. Net loss was USD 28.3 million compared to USD 106.5 million a year ago.
Basic loss per share from continuing operations was USD 0.08 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.3 a year ago.
Mattel, Inc. is a global toy company and owner of catalogs of children's and family entertainment franchises. The Company's operating segments include North America, International and American Girl. The North America and International segments sell products across its categories, although some products are developed and adapted for particular international markets. The American Girl segment is a direct marketer, retailer, and children's publisher. Its product categories include Dolls; Infant, Toddler, and Preschool; Vehicles, and Action Figures, Building Sets, Games, and Other. Its brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, and MEGA, as well as other intellectual properties that it owns or licenses in partnership with global entertainment companies. Its offerings include film and television content, gaming and digital experiences, music, and live events. Its products are available in more than 150 countries.