Mattel Reports First Quarter 2026 Financial Results
Mattel reported Q1 net sales of $862 million, up 4% year-over-year, driven by international growth that offset North America declines. GAAP EPS swung to a profit of $0.20 from a prior loss, largely due to a one-time $148 million gain from the remeasurement of its Mattel163 stake. Underlying profitability faced significant headwinds, with gross margin contracting 450 basis points to 44.9% and the adjusted operating loss widening to $70 million from $8 million in the prior year. The adjusted loss per share worsened to $0.20 compared to a $0.02 loss last year, pressured by tariffs, inflation, and higher advertising spend.
Key figures
- Eps
- $0.20
- Revenue
- $862 million
- Guidance
- 2026 guidance unchanged; Net Sales +3% to 6% (constant currency), Adjusted EPS $1.27 - $1.39
- Revenue Yoy
- 4%
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.