Overview

• Mattel 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 reiterates full-year 2025 guidance

• Company expects strong topline growth in Q4 2025

• Mattel 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

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 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: ID:nBw66wyPCa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)