Bust out the bubbly! We lost less in Q2 than Q1! $108 million is chump change! We're bleeding less! Bravo Ynon! That's why you pay yourself the big bucks! https://news.alphastreet.com/mattel-mat-stock-q2-2019-earnings/
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Don't count on Europe to stop the collapse ...
That’s a big loss after many down second quarters. Shrinking...
Thumbs up for ynon is Here to sell us
Interesting they did not adjust sales for the Easter bump, like they did for the first quarter. Also, they removed the impact of TRU. Once they get to the fourth quarter there will be no trickery available to make the numbers look inflated.
@10dVNjjj-1wbr Dude FFS there is no sale!
When will be the mattel sale?
I think TRU might have went bust impacting their last Q2 (and Has), but might be wrong, 10's of millions, not sure that is the correct comp to look at.
Gross margins are improved which is good and sales are up 2%, but thats up from Q2 2018 which if you recall was a complete sh!tshow. A huge loss is still a huge loss.
Mattel delivered 4 straight "beats"...growth in all regions....growth in all categories (but FP, recall)....massive in Barbie, HW record Q2, TS4 exceeds...margins at 40%....Europe and LATAM smashed Hasbro results. A LONG way to go, but sure feels like a turn is happening...
How exactly does one pull sales from the future and count them as happening in the past?
Will he sale Mattel?
The executives will all be patting themselves on the back pretending that Ynon is turning the company around. It is all make believe. This is only Q2 which only represents a small fraction of the toy sales for the year, and they already pulled a ton of Q3 sales into Q2 to even make these numbers. Ynon just promised another $100M in cost savings. Start updating those resumes folks, he only gets those savings by firing more employees. The executives just keep polishing the t–d that Mattel has become.