Mattel (NASDAQ: MAT) reported Q1 EPS of ($0.05), $0.07 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $810 million versus the consensus estimate of $834.79 million.

GUIDANCE:

Mattel sees FY2024 EPS of $1.35-$1.45, versus the consensus of $1.39.

Mattel’s full year 2024 guidance remains:

(in millions, except EPS and percentages)		FY2024 Guidance		FY2023
Net Sales		Comparable (Constant Currency)		$5,441
Adjusted Gross Margin		48.5 - 49%		47.5%
Adjusted EPS		$1.35 - $1.45		$1.23
Adjusted EBITDA		$975 - $1,025		$948
Adjusted Tax Rate		23 - 24%		23%
Capital Expenditures		$175 - $200		$160
Free Cash Flow		~ $500		$709

For earnings history and earnings-related data on Mattel (MAT) click here.