Mattel (MAT) Tops Q1 EPS by 7c, Revenue Misses, Offers Guidance
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.