earnings
confidence high
sentiment positive
materiality 0.85
Mattel Q3 net sales +8% to $1.76B; raises FY guidance, adj EBITDA to $900-925M
MATTEL INC /DE/
2021-Q3 EPS reported
$1.91
revenue$3,662,851,000
- Reported net income $813M includes $510M non-cash benefit from release of deferred tax valuation allowance.
- Adjusted EPS $0.84 (down $0.10 YoY); reported EPS $2.29 (incl. $1.44 tax benefit).
- Full-year net sales constant currency now seen up ~15% (prior 12-14%); Adj EBITDA raised to $900-925M.
- Gross margin fell 280 bps to 47.8% due to input cost inflation, partially offset by pricing.
- North America segment net sales +12%; International +2%; American Girl +1%.