MAT - Toy Maker Mattel's Shares Are Diving Despite Barbie-Driven Q3 Beat: Here's Why | Benzinga
Mattel Inc (NASDAQ: MAT) reported third-quarter FY23 sales growth of 9% year-on-year to $1.919 billion, beating the analyst consensus estimate of $1.835 billion.
North America segment sales increased 10% Y/Y, and International sales climbed 10% as reported, 3% in constant currency. Net Sales in the American Girl segment decreased 13%.
Worldwide Gross Billings for Dolls jumped 27% as reported, driven by growth in Barbie, Disney Princess and Disney Frozen, and Monster High.
Worldwide Gross Billings for Infant, Toddler, and Preschool fell 2%, Vehicles grew 18%, and Action Figures, Building Sets, Games, and Others dropped 19%, ...