---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-002762"
form_type: "8-K"
ticker: "MAT"
cik: "0000063276"
company_name: "MATTEL INC /DE/"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T22:07:11.078841+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mattel Q4 net sales down 22%; EPS $0.04 vs $0.63; 2023 guidance below prior year adjusted EPS

## Summary
- Q4 net sales $1,402M, down 22% as reported (19% constant currency); EPS $0.04 (adjusted $0.18) vs $0.63 prior year.
- Full year net sales flat at $5,435M (+3% constant currency); adjusted EPS $1.25 vs $1.30 prior year.
- Q4 gross margin 43.0%, down 630 bps; adjusted gross margin 43.1%, down 620 bps.
- 2023 guidance: adjusted EPS $1.10-$1.20, adjusted EBITDA $900-$950M, free cash flow >$400M.
- Company raises Optimizing for Growth cost savings goal to $300M; expects share repurchases in 2023 with ~$200M remaining.

## SEC filing metadata
- accession: 0001628280-23-002762
- form_type: 8-K
- ticker: MAT
- cik: 0000063276
- company_name: MATTEL INC /DE/
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63276/000162828023002762/0001628280-23-002762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63276/000162828023002762/mat-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-002762
- JSON: https://secwatch.observer/filing/0001628280-23-002762.json
- Plain text: https://secwatch.observer/filing/0001628280-23-002762.txt

## Key facts
- Earnings Releases
  MATTEL INC /DE/ updated its the fourth quarter and full year 2022 guidance (reaffirmed).
  - Period: the fourth quarter and full year 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 8, 2023, Mattel, Inc. (“Mattel”) issued a press release regarding its fourth quarter and full year 2022 financial results
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828023002762/0001628280-23-002762-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.