earnings
confidence high
sentiment negative
materiality 0.80
Mattel Q3 adjusted EPS $0.82, net sales flat; cuts FY2022 guidance
MATTEL INC /DE/
2022-Q3 EPS reported
$1.05
revenue$4,032,767,000
- Q3 net sales $1.756B flat as reported, +3% constant currency; GAAP EPS $0.80 (prior $2.24 inc. $492M tax benefit)
- Adjusted EPS $0.82 vs $0.84; adjusted gross margin 48.3% (+50 bps); adjusted EBITDA $473M (+2%)
- North America net sales -3%; International +13% constant currency; Dolls gross billings -3%; Vehicles +12%
- FY2022 adjusted EPS guidance cut to $1.32-$1.42 from $1.42-$1.48; adjusted EBITDA cut to $1.05-$1.10B from $1.10-$1.125B