Mattel Reports Third Quarter 2026 Financial Results
Mattel reported Q3 2026 net sales of $1,807 million, up 4% as reported, with EPS of $1.23 versus $0.88 a year ago and Adjusted EPS of $1.30 versus $0.91. Gross margin expanded 480 basis points to 54.8%, but the improvement was primarily driven by $88 million of tariff refunds; inflation and higher royalties more than offset other benefits. Revised full-year 2026 guidance calls for constant-currency net sales growth of 1%-4% and Adjusted EPS of $1.05-$1.20, explicitly excluding tariff-refund benefits recognized year-to-date. Brand mix was uneven: Hot Wheels gross billings rose 7% and Mattel163-aided Games grew, while Barbie fell 9% and Fisher-Price fell 14%.
Key figures
- Eps
- 1.23
- Revenue
- 1807000000
- Guidance
- FY2026: Net Sales growth 1%-4% constant currency; Adjusted Gross Margin roughly 48%; Adjusted Operating Income $500M-$570M; Adjusted EPS $1.05-$1.20; excludes tariff refunds recognized year-to-date
- Revenue Yoy
- 4%
- Net income
- 354000000
- Adjusted eps
- 1.3
- Gross margin
- 54.8%
- Leverage ratio
- 2.7x
- Prior year eps
- 0.88
- Tariff refunds
- 88000000
- Operating income
- 476000000
- Adjusted ebitda ttm
- 860500000
- Share repurchases 9m
- 308000000
- Adjusted gross margin
- 55.0%
- Gross margin change bps
- 480
- Operating income change
- 96000000
- Prior year adjusted eps
- 0.91
- Adjusted operating income
- 502000000
- Barbie gross billings change
- -9%
- Remaining buyback authorization
- $1.2 billion of $1.5 billion authorization
- Hot wheels gross billings growth
- 7%
- Fisher price gross billings change
- -14%
AI analysis
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