secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001628280-24-017375
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828024017375/0001628280-24-017375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828024017375/mat-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017375

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