---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025710"
form_type: "8-K"
ticker: "MAT"
cik: "0000063276"
company_name: "MATTEL INC /DE/"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:31:26.571046+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mattel Q2: EPS $0.08 vs $0.18, sales -12%; COO Dickson steps down Aug 3

## Summary
- Q2 net sales $1.087B (-12% YoY); GAAP EPS $0.08 vs $0.18, adjusted EPS $0.10 vs $0.18.
- Gross margin 45.1% (+70bps); adjusted gross margin flat at 44.9%.
- Full-year guidance reaffirmed: adjusted EPS $1.10-$1.20, adjusted EBITDA $900-$950M.
- President & COO Richard Dickson resigns effective Aug 3 to become CEO elsewhere; McKnight, Silverman promoted.
- Barbie movie release highlighted as key milestone; retail inventory correction believed mostly behind.

## SEC filing metadata
- accession: 0001628280-23-025710
- form_type: 8-K
- ticker: MAT
- cik: 0000063276
- company_name: MATTEL INC /DE/
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/0001628280-23-025710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/mat-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025710
- JSON: https://secwatch.observer/filing/0001628280-23-025710.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025710.txt

## Key facts
- Earnings Releases
  MATTEL INC /DE/ reported second quarter 2023 results: revenue $1,087 million, net income $27 million, EPS $0.08. Guidance reaffirmed.
  - Period: second quarter 2023
  - Revenue: $1,087 million
  - Net income: $27 million
  - EPS: $0.08
  - Guidance: reaffirmed
  - Result: reported results
  source text: MATTEL REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS Second Quarter 2023 Highlights Versus Prior Year • Net Sales of $1,087 million, down 12% as reported, or 13% in constant currency • Gross Margin of 45.1%, an increase of 70 basis points; Adjusted Gross Margin of 44.9%, flat to the prior year • Operating Income of $63 million, a decrease of $62 million; Adjusted Operating Income of $75 million, a decrease of $47 million • Net Income of $27 million compared to prior year Net Income of $66 million • Earnings per Share of $0.08 compared to prior year Earnings per Share of $0.18; Adjusted Earnings per Share of $0.10 compared to prior year Adjusted Earnings per Share of $0.18 • Adjusted EBITDA of $148 million, a decrease of $37 million • Repurchased $16 million of shares, bringing first half total to $50 million • Company reiterates 2023 guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/0001628280-23-025710-index.htm
- Executive change
  Richard Dickson resigned as President and Chief Operating Officer at MATTEL INC /DE/.
  - Action: resigned
  - Role: President and Chief Operating Officer
  source text: On July 21, 2023, Mattel’s President and Chief Operating Officer, Richard Dickson, informed the Company that he will step down from his position effective August 3, 2023 to take the role of president and chief executive officer at another public company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/0001628280-23-025710-index.htm

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