Mattel Q4 2024 Earnings Report
Key Takeaways
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.
Net sales increased by 2% as reported, and 3% in constant currency.
Gross margin increased to 50.7%, an increase of 190 basis points.
Operating income increased by $18 million to $158 million.
Adjusted Earnings per Share of $0.35 compared to $0.29 per share.
Mattel
Mattel
Mattel Revenue by Segment
Mattel Revenue by Geographic Location
Forward Guidance
Mattel's full year 2025 guidance includes net sales growth of 2-3% in constant currency, comparable adjusted gross margin, adjusted operating income between $740 - $765 million, adjusted EPS between $1.66 - $1.72, and free cash flow of approximately $600 million.
Positive Outlook
- Net Sales (Constant Currency) +2% to 3%
- Adjusted Gross Margin Comparable to 50.9%
- Adjusted Operating Income $740 - $765 million
- Adjusted Tax Rate 23% - 24%
- Adjusted EPS $1.66 - $1.72
Challenges Ahead
- Guidance includes the anticipated impact of new U.S. tariffs on China, Mexico and Canada imports announced on February 1st.
- We are operating in a macro-economic environment that may impact consumer demand.
- The guidance considers what the company is aware of today, but remains subject to market volatility.
- Unexpected disruptions including additional regulatory actions impacting international trade such as tariffs.
- Other macroeconomic risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income