Overview

* Mattel ( MAT ) Q3 net sales down 6%, missing analyst expectations, per LSEG data

* Adjusted EPS for Q3 decreased to $0.89 from $1.14

* Company repurchased $202 mln of shares in Q3, on track for $600 mln in 2025

Outlook

* Mattel ( MAT ) reiterates full-year 2025 guidance

* Company expects strong topline growth in Q4 2025

* Mattel ( MAT ) on track to repurchase $600 mln in shares by year-end

Result Drivers

* RETAILER ORDERING PATTERNS - US business faced challenges due to shifts in retailer ordering patterns, impacting sales

* COST SAVINGS - Cost savings program contributed to managing gross margin pressures

* INTERNATIONAL SALES GROWTH - International sales increased by 3%, offsetting some of the decline in North America

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $1.73 $1.82

bln bln (9

Analysts

)

Q3 Net $278 mln

Income

Q3 50.20%

Adjusted

Gross

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the toys & children's products peer group is "buy"

* Wall Street's median 12-month price target for Mattel Inc ( MAT ) is $25.00, about 26.5% above its October 20 closing price of $18.37

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)