Mattel Q2 net sales, gross sales downChristian Fernsby ▼ | July 24, 2020
Mattel reported second quarter 2020 financial results.
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%. ■