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Mattel Q2 net sales, gross sales down

Christian Fernsby ▼ | July 24, 2020
Mattel reported second quarter 2020 financial results.
Mattel
Reported   Mattel
For the second quarter, Net Sales were down 15% as reported versus the prior year’s second quarter.

Topics: Mattel

Gross Sales were down 15% as reported, Reported Operating Loss was $46.1 million, compared to a prior year loss of $51.4 million, and Adjusted Operating Loss was $25.6 million, compared to a prior year loss of $30.4 million.

For the second quarter, Net Sales in the North America segment increased 2% as reported and in constant currency, versus the prior year’s second quarter. Reported Gross Margin increased to 43.8%, versus 39.7% in the prior year’s second quarter, and Adjusted Gross Margin increased to 44.0%, versus 39.9%.


 

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