Mattel Q3 net sales +9% to $1.92B, adj. EPS $1.08 beat, raises FY23 guidance

MATTEL INC /DE/

2023-Q3 EPS reported $0.19 revenue$3,820,531,000

Net sales $1,919M (+9% as reported, +7% CC); adjusted EPS $1.08 vs $0.82 prior year.
Gross margin 51.0% (+270 bps); adjusted EBITDA $580M (+$106M); FY23 adj. EBITDA guided to $925-975M.
Dolls category +27% (Barbie, Disney, Monster High); Vehicles +18% (Hot Wheels); Action Figures -19%.
Repurchased $60M of shares in Q3, bringing YTD total to $110M.
North America +10%, International +10% (+3% CC), American Girl -13% (reported and CC).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MATTEL INC /DE/ reported third quarter 2023 results: revenue $1,919 million, net income $146 million, EPS $0.41. Guidance raised.

Period: third quarter 2023
Revenue: $1,919 million
Net income: $146 million
EPS: $0.41
Guidance: raised
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- NEWS RELEASE Exhibit 99.1 MATTEL REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS Third Quarter 2023 Highlights Versus Prior Year • Net Sales of $1,919 million, up 9% as reported, or 7% in constant currency • Gross Margin of 51.0%, an increase of 280 basis points; Adjusted Gross Margin of 51.0%, an increase of 270 basis points •

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Source: SEC EDGAR

accession 0001628280-23-035111

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