secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001628280-23-002762
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828023002762/0001628280-23-002762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828023002762/mat-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-002762

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer