04:56 PM EDT, 07/23/2025 (MT Newswires) -- Mattel ( MAT ) reported Q2 adjusted earnings late Wednesday of $0.19 per share, unchanged from a year earlier.

Analysts polled by FactSet expected $0.16.

Net sales for the quarter ended June 30 fell to $1.02 billion from $1.08 billion a year earlier.

Analysts surveyed by FactSet expected $1.05 billion.

For 2025, the company is projecting adjusted EPS of $1.54 to $1.66, compared with the prior guidance of $1.66 to $1.72. Analysts polled by FactSet are looking for $1.64.

Shares of Mattel ( MAT ) were down nearly 3% in after-hours activity.