Mattel's Q4 2024 results showed a 2% increase in net sales, reaching $1,646 million. The company's gross margin improved to 50.7%, and operating income rose to $158 million. Earnings per share were reported at $0.42, with adjusted EPS at $0.35. Mattel is targeting $600 million of share repurchases in 2025.
Mattel reported a 4% decrease in net sales to $1,844 million for Q3 2024, but demonstrated improved profitability with a gross margin increase of 210 basis points to 53.1%. The company achieved a net income of $372 million, a significant improvement compared to the previous year, and adjusted EPS increased to $1.14. Mattel is updating its full year 2024 guidance and expects topline growth in the fourth quarter.
Mattel reported a slight decrease in net sales, but demonstrated significant improvements in gross margin, operating income, and earnings per share. The company is focused on strategic growth and shareholder value, as evidenced by share repurchases and reiterated full-year guidance.
Mattel reported a slight decrease in net sales but significant improvements in gross margin, operating loss, and net loss. The company reiterated its 2024 guidance, expecting to outpace the industry and gain market share.
Mattel reported a strong fourth quarter, with net sales up 16% and significant improvements in operating and net income. The company's success was fueled by growth in key toy categories and the positive impact of the Barbie movie. Looking ahead, Mattel is launching a new cost savings program and expects to improve profitability and continue share repurchases in 2024.
Mattel reported a strong third quarter with net sales up 9% to $1,919 million. The company raised its 2023 guidance for Adjusted Gross Margin, Adjusted EBITDA, and Adjusted EPS, driven by the success of the Barbie movie and overall strategic execution.
Mattel reported a decrease in net sales by 12% to $1,087 million, with operating income decreasing by $62 million to $63 million. Earnings per share decreased to $0.08 from $0.18 in the prior year. The company highlighted the upcoming Barbie movie as a key milestone and reiterated its 2023 guidance.
Mattel reported a decrease in net sales by 22% to $815 million for Q1 2023, with an operating loss of $115 million. The company's performance was affected by retail inventory management, though the underlying business fundamentals remain strong. Mattel expects to outpace the industry and achieve its full-year guidance, with continued share repurchases reflecting confidence in its strategy.
Mattel reported a 22% decrease in net sales for Q4 2022, with operating income and net income also declining. Despite these challenges, the company outpaced the industry and gained market share. For the full year, net sales remained flat, and the company strengthened its financial position by reducing debt and improving its leverage ratio.
Mattel reported flat net sales as reported, but a 3% increase in constant currency for Q3 2022. Operating income increased slightly, while net income decreased due to a prior year non-cash benefit. The company is updating its full-year guidance and re-evaluating its 2023 goals amid market volatility.
Mattel reported a strong second quarter with a 20% increase in net sales and significant improvements in operating and net income. The company reiterates its 2022 guidance and 2023 goals, reflecting confidence in its strategic direction and portfolio strength.
Mattel reported its highest first quarter results on record for net sales, operating income, and EBITDA. Net sales increased by 19% to $1,041 million, and operating income rose by 136% to $80 million. The company reiterates its 2022 guidance and 2023 goals.
Mattel reported a strong fourth quarter and full year for 2021. Q4 net sales increased by 10% as reported, and 11% in constant currency. Reported operating income increased by $69 million to $257 million. The company's 2022 guidance exceeds prior goals, with an even stronger outlook for 2023.
Mattel reported strong Q3 2021 financial results, with net sales up 8% and significant gains in market share. The company successfully navigated global supply chain disruptions and raised its 2021 guidance for net sales and adjusted EBITDA.
Mattel reported an exceptional second quarter in 2021, with net sales up by 40% and significant improvements in profitability. The company's transformation strategy is gaining momentum, and it is now firmly in growth mode. Mattel is focused on improving profitability and accelerating topline growth.
Mattel reported a strong first quarter in 2021, with net sales up 47% to $874 million. The company saw improvements in gross margin, operating income, and net loss, driven by growth across various product categories and regions. Mattel is updating its 2021 guidance to reflect its strong Q1 performance and updated outlook for cost inflation.
Mattel reported a strong fourth quarter with net sales up 10% and significant improvements in profitability. The company's performance exceeded expectations, driven by strong brands and efficient supply chain management.
Mattel reported a strong Q3 2020, with net sales up 10% and significant profitability increases. The company saw growth in key markets and gained market share, driven by strong performance in the Dolls and Vehicles categories. Mattel anticipates continued growth in Q4 and expects strong Net Income and EBITDA growth for the full year.
Mattel reported a 15% decrease in net sales to $732 million for Q2 2020, impacted by COVID-19. However, the company saw growth in North America and positive POS trends, with significant improvement in gross margin. They anticipate improved revenue performance in the second half of the year.
Mattel reported a decrease in net sales by 14% and gross sales by 14%. The reported operating loss was $150 million. The company is withdrawing its previous 2020 guidance due to uncertainty related to COVID-19.
Mattel reported a 3% decrease in net sales for Q4 2019, totaling $1,474 million. Despite the sales decline, the company saw improvements in gross margin, driven by savings from the Structural Simplification program. Reported operating income decreased by $38 million, while adjusted operating income decreased by $2.2 million.