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Sep 30, 2020
Mattel Q3 2020 Earnings Report
Mattel's financial performance soared in Q3 2020, marked by significant topline growth and enhanced profitability.
Key Takeaways
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.
Net Sales increased by 10% as reported, and 11% in constant currency, compared to the prior year.
Dolls category Gross Sales rose by 22% as reported, and 24% in constant currency, with Barbie Gross Sales up by 29% as reported, and 30% in constant currency.
Reported Operating Income increased by 156%, and Adjusted Operating Income increased by 131%.
Reported Net Income increased by 348%.
Mattel
Mattel
Mattel Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Mattel expects Net Sales and Gross Sales to grow in the fourth quarter. Looking to the full year, with continued operational savings and margin expansion, the company expects to see strong Net Income and EBITDA growth.
Positive Outlook
- Net Sales and Gross Sales are expected to grow in the fourth quarter.
- Continued operational savings.
- Margin expansion.
- Strong Net Income growth is expected for the full year.
- Strong EBITDA growth is expected for the full year.
Challenges Ahead
- COVID-19 volatility could negatively impact performance.
- Macro-economic uncertainties could negatively impact performance.
- Potential impacts of the COVID-19 pandemic on business operations.
- Potential impacts of the COVID-19 pandemic on financial results.
- Potential impacts of the COVID-19 pandemic on financial position.
Revenue & Expenses
Visualization of income flow from segment revenue to net income