earnings
confidence high
sentiment positive
materiality 0.65
Mattel Q3 net sales $1,844M (-4% YoY); raises gross margin guidance to ~50% from ~48.5-49%
MATTEL INC /DE/
2024-Q3 EPS reported
$1.16
revenue$3,733,141,000
- EPS $1.09 vs $0.41 prior year; Adjusted EPS $1.14 vs $1.08.
- Gross margin 53.1% (+210 bps); adjusted gross margin same.
- Updated FY2024 guidance: Net Sales comparable to slightly down; gross margin ~50% (up from 48.5-49%).
- Repurchased $68M of shares in Q3, YTD total $268M.
- Dolls category declined 14% (Barbie); Vehicles up 12% (Hot Wheels).