secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001628280-24-032594
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel Q2 2024: EPS $0.17 vs $0.08 YoY, gross margin expands 410bps, guidance reaffirmed
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- Net sales $1,080M, down 1% as reported, flat in constant currency vs Q2 2023.
- GAAP EPS $0.17 vs $0.08; Adjusted EPS $0.19 vs $0.10, both up $0.09 YoY.
- Adjusted gross margin 49.2% vs 44.9%, driven by cost savings and deflation.
- Repurchased $100M of shares in Q2, bringing H1 total to $200M.
- FY2024 guidance unchanged: Adj. EPS $1.35-$1.45, Adj. EBITDA $975-$1,025M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828024032594/0001628280-24-032594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828024032594/mat-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032594

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