secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001628280-23-013224
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel Q1 net loss $106M; revenue down 22% YoY; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/0001628280-23-013224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828023013224/mat-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013224

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