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Mattel posts narrower loss than expected, sees demand improving

Jared Blikre and Julie Hyman

Mattel (MAT) Mattel posted mixed first quarter results. The toymaker reported an adjusted loss per share of $0.05, smaller than the $0.12 that was expected. Net sales were a little lighter than expected, $809.5 million versus an estimate of $831.8 million. Mattel CEO Ynon Kreiz said in the release "Trends in consumer demand for our product improved through the quarter and we expect to outpace the industry and gain market share in 2024."

Yahoo Finance's Julie Hyman and Jared Blikre break down the report.

For more expert insight and the latest market action, click here to watch this full episode.