secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001628280-24-043430
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel Q3 net sales $1,844M (-4% YoY); raises gross margin guidance to ~50% from ~48.5-49%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828024043430/0001628280-24-043430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828024043430/mat-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043430

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