secwatch.observer — SEC 8-K summary
======================================

Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0001628280-25-022159
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel reports Q1 net loss $40M, sales up 2%; pauses FY2025 guidance due to tariff uncertainty
--------------------------------------------------------------------------------

- Net sales $827M (+2% reported, +4% constant currency); gross margin 49.4% (+140bps).
- Net loss $40M ($0.12 loss per share) vs prior year loss $28M; adjusted loss $0.03 vs $0.05.
- Operating loss $53M (adjusted loss $16M, improvement $7M); adjusted EBITDA $57M.
- Repurchased $160M of shares; maintains $600M share repurchase target for 2025.
- Pauses full-year 2025 guidance due to volatile macro and evolving tariffs; cost savings target raised to $80M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828025022159/0001628280-25-022159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828025022159/mat-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-022159

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