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Dec 31, 2021
Mattel Q4 2021 Earnings Report
Mattel's Q4 2021 performance exceeded expectations, driven by strong sales growth and strategic progress.
Key Takeaways
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.
Net sales increased by 10% as reported, and 11% in constant currency, versus the prior year’s fourth quarter.
Reported Operating Income was $257 million, an increase of $69 million.
Adjusted Operating Income was $264 million, an increase of $64 million.
Reported Net Income of $226 million, an increase of $97 million.
Mattel
Mattel
Mattel Revenue by Segment
Mattel Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
EMEA Revenue
CapyFin.comLatin America Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Mattel provided 2022 guidance and 2023 goals, anticipating continued growth and improved profitability.
Positive Outlook
- Net Sales +8%-10% (Constant Currency)
- Adjusted EBITDA $1,100-$1,125 million
- Adjusted EPS $1.42-$1.48
- Capital Expenditures $175-$200 million
- Net Sales + High-Single Digit % (Constant Currency) in 2023
Challenges Ahead
- Adjusted Gross Margin ~47%
- Anticipated supply chain disruption
- Market volatility
- Macro-economic risks and uncertainties
- Risks associated with COVID-19
Revenue & Expenses
Visualization of income flow from segment revenue to net income