Mattel Reports First Quarter 2024 Financial Results
April 24, 2024
April 24, 2024
EL SEGUNDO, California, April 24 (TNSres) -- Mattel, a toy manufacturing company, issued the following news on April 23, 2024:
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First Quarter 2024 Highlights Versus Prior Year
* Net Sales of $810 million, down 1% as reported and in constant currency
* Gross Margin of 48.0%, an increase of 800 basis points; Adjusted Gross Margin of 48.3%, an increase of 830 basis points
* Operating Loss of $36 million, an improvement of $80 mi . . .
* * *
First Quarter 2024 Highlights Versus Prior Year
* Net Sales of $810 million, down 1% as reported and in constant currency
* Gross Margin of 48.0%, an increase of 800 basis points; Adjusted Gross Margin of 48.3%, an increase of 830 basis points
* Operating Loss of $36 million, an improvement of $80 mi . . .