Mattel Stock Falls On Sales Miss, Guidance Cut: Tariffs Hit Barbie
1. Mattel's Q2 net sales were $1.019 billion, down 6% year-over-year. 2. Earnings per share beat expectations at 19 cents vs. 17 cents. 3. Sales in dolls and preschool categories fell significantly. 4. Guidance lowered for full-year EPS and sales growth. 5. Stock dropped 4.46% in after-hours trading to $19.30.