Mattel reports Q1 adjusted EPS (20c), consensus (21c)

Reports Q1 revenue $862M, consensus $808.97M. Ynon Kreiz, Chairman and CEO of Mattel (MAT), said: “We are off to a good start to the year, with Net Sales growth and positive consumer demand for our products in the first quarter. We continued to make progress on our strategy to grow our IP driven play and family entertainment business and are seeing top-line acceleration in the second quarter to date. Our digital strategy is progressing, including the integration of Mattel163 mobile games studio and the upcoming launch of two self-published mobile games, and we look forward to the global theatrical release of the Masters of the Universe movie on June 5th.”