** charts before earnings **
** charts after earnings **
Mattel misses by $0.05, reports revs in-line :
- Reports Q1 (Mar) loss of $0.13 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus of ($0.08); revenues fell 5.8% year/year to $869.4 mln vs the $861.43 mln Capital IQ Consensus.
- Fisher-Price worldwide gross sales up 9% in constant currency, and 3% as reported; Hot Wheels worldwide gross sales up 11% in constant currency, and 4% as reported; Barbie worldwide gross sales flat in constant currency, and down 3% as reported. First quarter gross sales in the North American Region, which consists of the United States, Canada and American Girl, decreased by 1% in constant currency, and 2% as reported.
- Q2 Outlook from slide presentation: Sales Growth: Relatively flat in constant currency. Similar year-over-year growth profile to Q1. Gross Margin: Roughly flat to Q1.
- FY16 Outlook: Goal is to hold net sales relatively flat in constant currency. Co expects a more challenging first half. Gross Margin: Almost 50% (similar to last year).
- "While we continue to manage the ongoing impact of foreign exchange, our performance is in line with our expectations, and we remain on track to deliver on our outlook for the year.""
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