Loading...
•
Dec 31, 2024
Mattel Q4 2024 Earnings Report
Mattel reported strong operational excellence with topline growth in Q4 2024, achieving profitability, gross margin expansion, and strong free cash flow.
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.
Revenue by Segment
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.
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
Loading earnings performance data...
Loading earnings reaction data...