Mattel (MAT) Tops Q3 EPS by 12c, Offers Guidance
Mattel (NASDAQ: MAT) reported Q3 EPS of $0.84, $0.12 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.76 billion versus the consensus estimate of $1.67 billion.
Updated 2021 Full-Year Guidance:
Full-year Net Sales, in constant currency, are expected to increase by approximately 15% versus the prior year, up from prior guidance range of 12-14%. Adjusted Gross Margin guidance remains unchanged at a range of 47.6% to 48.1%. Adjusted EBITDA guidance is increasing by $25 million to a range of $900 to $925 million. Capital expenditures guidance remains unchanged at a range of $150 to $175 million.
| (In millions, except percentages) | FY2020 | Prior FY2021E (as of Q2 2021) | Revised FY2021E | |||
| Net Sales | 4,588 |
| Up 12-14% |
| Up approx. 15% | |
| Adjusted Gross Margin | 49.0% |
| 47.6-48.1% |
| 47.6-48.1% | |
| Adjusted EBITDA | 706 |
| 875-900 |
| 900-925 | |
| Capital Expenditures | 119 |
| 150-175 |
| 150-175 |
For earnings history and earnings-related data on Mattel (MAT) click here.