1Año·

Mattel Q3’25 Earnings Highlights

$MAT (+2,42 %)


🔹 Revenue: $1.74B (Est. $1.84B) 🔴; DOWN -6% YoY (–7% in constant currency)

🔹 EPS (Adj.): $0.89 (Est. $1.06) 🔴; DOWN -22% YoY

🔹 Net Income: $278M; DOWN -25% YoY

🔹 Operating Income: $380M (Adj. $387M); DOWN -22% YoY

🔹 Gross Margin: 50.0% (Est. 50.3%) 🔴; DOWN -310bps YoY

🔹 Adjusted Gross Margin: 50.2%; DOWN -290bps YoY


Guidance (Reiterated FY25)

🔹 Adj. EPS: $1.54–$1.66 (Est. $1.61) 🟡

🔹 Adj. Gross Margin: ~50% (Est. 50.3%) 🟡

🔹 Net Sales: +1% to +3% constant currency 🟡

🔹 Adj. Operating Income: $700M–$750M

🔹 Free Cash Flow: ~$500M

🔹 Adj. Tax Rate: 23%–24%


Segment Highlights (YoY)

🔹 Dolls: $674M; DOWN -11% as reported (–12% constant FX)

🔹 Infant, Toddler & Preschool: $262M; DOWN -25% (–26% constant FX)

🔹 Vehicles: $626M; UP +8% (+6% constant FX)

🔹 Action Figures, Building Sets, Games & Other: $404M; UP +11% (+9% constant FX)


Cash Flow & Capital Returns

🔹 Operating Cash Flow (9M’25): –$203M; LOWER YoY

🔹 Share Repurchases: $202M in Q3; $412M YTD

🔹 FY25 Target: $600M total repurchases

🔹 Cash Used for Investing: $98M; IMPROVED YoY


Management Commentary

🔸 “While our US business was challenged by retailer order delays amid tariff uncertainty, consumer demand remains strong globally.” — Ynon Kreiz, CEO

🔸 “Orders have accelerated since the start of Q4, and we expect a strong holiday season with topline growth.”

🔸 “We operated with excellence in a dynamic environment and remain on track to achieve our $600M share repurchase goal.” — Paul Ruh, CFO

1
Únase a la conversación