---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017375"
form_type: "8-K"
ticker: "MAT"
cik: "0000063276"
company_name: "MATTEL INC /DE/"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:45:48.969027+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mattel Q1 net loss narrows to $28M; gross margin up 800 bps; reiterates 2024 guidance

## Summary
- Net sales $810M, down 1% YoY; gross margin 48.0% vs 40.0% YoY (up 800 bps).
- Operating loss $36M vs $116M loss a year ago; adjusted operating loss $23M.
- Adjusted EPS loss $0.05 vs loss $0.24; repurchased $100M of shares in quarter.
- Reiterates FY2024 guidance: adjusted EPS $1.35-$1.45, adjusted EBITDA $975M-$1,025M.
- Vehicles (Hot Wheels) gross billings up 5% YoY; Dolls down 4% on Disney Princess weakness.

## SEC filing metadata
- accession: 0001628280-24-017375
- form_type: 8-K
- ticker: MAT
- cik: 0000063276
- company_name: MATTEL INC /DE/
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63276/000162828024017375/0001628280-24-017375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63276/000162828024017375/mat-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017375
- JSON: https://secwatch.observer/filing/0001628280-24-017375.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017375.txt

## Key facts
- Earnings Releases
  MATTEL INC /DE/ reported first quarter 2024 results: revenue $810 million, net income Net Loss of $28 million, EPS Loss per Share of $0.08. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $810 million
  - Net income: Net Loss of $28 million
  - EPS: Loss per Share of $0.08
  - Guidance: reaffirmed
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- NEWS RELEASE Exhibit 99.1 MATTEL REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS First Quarter 2024 Highlights Versus Prior Year • Net Sales of $810 million, down 1% as reported and in constant currency • Gross Margin of 48.0%, an increase of 800 basis points; Adjusted Gross Margin of 48.3%, an increase of 830 basis points •
  evidence_url: https://www.sec.gov/Archives/edgar/data/63276/000162828024017375/0001628280-24-017375-index.htm

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