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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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