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Jun 30, 2021
Mattel Q2 2021 Earnings Report
Mattel's Q2 2021 financial performance was marked by substantial gains in net sales and gross margin expansion.
Key Takeaways
Mattel reported an exceptional second quarter in 2021, with net sales up by 40% and significant improvements in profitability. The company's transformation strategy is gaining momentum, and it is now firmly in growth mode. Mattel is focused on improving profitability and accelerating topline growth.
Net sales increased by 40% as reported, and 36% in constant currency, versus the prior year.
Reported gross margin improved by 390 basis points to 47.5%.
Reported operating income was $49 million, a $97 million improvement.
Adjusted EBITDA increased by $102 million to $131 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Mattel updated its 2021 guidance, which was provided on the Company’s Q2 2021 conference call and live webcast.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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