{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-013224","form_type":"8-K","ticker":"MAT","cik":"0000063276","company_name":"MATTEL INC /DE/","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.924489+00:00","generated_at":"2026-06-16T14:15:14.004987+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Mattel Q1 net loss $106M; revenue down 22% YoY; reaffirms FY guidance","bullets":["Net sales $815M, down 22% as reported; net loss $106M ($0.30 loss per share) vs prior year net income $21M.","Adjusted operating loss $87M, down $177M; adjusted EBITDA negative $14M, down $166M.","Gross margin 40.0%, down 640 bps due to inventory management, cost inflation, and unfavorable fixed cost absorption.","Reaffirms FY2023 guidance: adjusted EPS $1.10-$1.20, adjusted EBITDA $900-$950M, free cash flow >$400M.","Repurchased $34M of shares; cites retail inventory management impact but expects improvement in H2."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-013224","json":"https://secwatch.observer/filing/0001628280-23-013224.json","markdown":"https://secwatch.observer/filing/0001628280-23-013224.md","text":"https://secwatch.observer/filing/0001628280-23-013224.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/0001628280-23-013224-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/mat-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:15:14.004987+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"108b47f2cd2a725e7ab1e9fda232b20a53fbc6ac","claim":"MATTEL INC /DE/ reported full year 2023 results: EPS $1.10 - $1.20. Guidance reaffirmed.","evidence_excerpt":"Mattel’s full year 2023 guidance remains: (in millions, except EPS and percentages) FY2023 Guidance FY2022 Net Sales Comparable (Constant Currency) $5,435 Adjusted Gross Margin ∼ 47% 45.9% Adjusted EPS $1.10 - $1.20 $1.25 Adjusted EBITDA $900 - $950 $968 Adjusted Tax Rate 25 - 26% 24% Capital Expenditures $175 - $200 $187 Free Cash Flow > $400 $256","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/0001628280-23-013224-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"EPS","value":"$1.10 - $1.20"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"85ab85d75f00dfa0c56c7bf170ee4ea57b4285c0","claim":"MATTEL INC /DE/ reported first quarter 2023 results: revenue $815 million, net income $106 million, EPS $0.30. Guidance reaffirmed.","evidence_excerpt":"Net Sales of $815 million, down 22% as reported, or 21% in constant currency • Gross Margin of 40.0%, a decrease of 640 basis points; Adjusted Gross Margin of 40.0%, a decrease of 660 basis points • Operating Loss of $115 million, a decrease of $195 million; Adjusted Operating Loss of $87 million, a decrease of $177 million • Net Loss of $106 million compared to prior year Net Income of $21 million • Net Loss per Share of $0.30","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/0001628280-23-013224-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$815 million"},{"label":"Net income","value":"$106 million"},{"label":"EPS","value":"$0.30"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}