Mattel reported second-quarter net sales of $1.019 billion, down 6% year-over-year and below the Street estimate of $1.068 billion, according to data from Benzinga Pro. The company posted earnings of 19 cents per share, beating expectations of 17 cents. CEO Ynon Kreiz highlighted gross margin expansion, international growth, and progress in the company’s entertainment slate. Mattel saw steep declines in sales of dolls and in its infant, toddler, and preschool categories. Sales of vehicles and action figures grew, driven by strong performance in Hot Wheels and related products. Barbie sales declined amid consumer concerns over affordability and tariff-driven headlines. Mattel lowered full-year EPS guidance to $1.54 to $1.66 and revised its sales growth forecast to 1% to 3%. The company cited market volatility and global trade risks as the reasons for its decision. Shares fell 4.46% after hours.
