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

Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001628280-25-035714
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel Q2 sales down 6%, adjusted EPS flat; lowers full-year guidance to $1.54-$1.66
--------------------------------------------------------------------------------

- Net sales $1,019M (-6% as reported and constant currency); North America -16%, International +7%.
- Adjusted gross margin 51.2% (+200 bps YoY); adjusted operating income $88M vs $96M prior year.
- Diluted EPS $0.16; adjusted EPS $0.19 (flat YoY). Repurchased $50M in Q2, $210M YTD.
- 2025 guidance lowered: adj EPS $1.54-$1.66 (from $1.66-$1.72); adj operating income $700-$750M; FCF ~$500M.
- Segment results: Dolls -19%, Infant/Toddler -25%; Vehicles +10% (Hot Wheels), Action Figures +16%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828025035714/0001628280-25-035714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828025035714/mat-20250723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035714

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