Earnings Releases·Nov 5, 2026, 4:18 PM ET

Mattel — Third Quarter 2026 Earnings Summary

Net sales rose 4% year-over-year to $1,807 million, while reported and adjusted gross margins improved 480 basis points to 54.8% and 55.0% respectively, driven by $88 million in tariff refunds.
Full-year 2026 guidance was revised to exclude tariff refund benefits, projecting net sales growth of 1% to 4% in constant currency, adjusted operating income of $500–$570 million, and adjusted EPS of $1.05–$1.20.
Segment performance showed growth in Hot Wheels (up 7%), Vehicles (up 9%), and Action Figures/Games (up 12%), offset by a 16% decline in Infant, Toddler, and Preschool billings due to Fisher-Price weakness.
Capital allocation included $308 million in share repurchases during the first nine months, with $1.2 billion remaining under the $1.5 billion authorization, alongside the appointment of Steve Totzke as President and COO.
Financial results included a $147.9 million gain on the remeasurement of a previously held equity interest upon obtaining control of Mattel163, while full-year guidance remains subject to macro-economic risks and trade developments.