Mattel Exceeds Quarterly Sales Estimates Due to Strong Toy Demand and Entertainment Growth
Mattel exceeded quarterly sales estimates in Q1 2026, driven by strong toy demand and growth in its entertainment business. The company reported net sales of $862.2 million, surpassing analyst expectations of $804.7 million, with Hot Wheels sales rising 25% to $179.4 million. The company also raised its full-year adjusted profit forecast.
Tickers: $MAT
Topics: Hot Wheels IP strategy Mattel profit forecast sales performance tariffs