secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001628280-25-045690
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel Q3 2025 net sales down 6% to $1,736M; EPS falls to $0.88 from $1.09; reaffirms FY guidance
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- Net sales of $1,736M, down 6% as reported; North America sales fell 12%, International up 3%.
- GAAP EPS $0.88 vs $1.09; adjusted EPS $0.89 vs $1.14; operating income $380M, down $108M.
- Gross margin 50.0%, down 310 bps; adjusted gross margin 50.2%, down 290 bps due to FX, inflation, tariffs.
- Repurchased $202M of shares in Q3, bringing YTD total to $412M; reaffirms $600M FY target.
- Reiterates FY 2025 guidance: net sales +1-3% constant currency, adj. EPS $1.54-$1.66, free cash flow ~$500M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828025045690/0001628280-25-045690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828025045690/mat-20251021.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-045690

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