secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001628280-23-025710
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/0001628280-23-025710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828023025710/mat-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025710

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