Mattel (MAT) Tops Q3 EPS by 12c, Offers Guidance

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Go back to Mattel (MAT) Tops Q3 EPS by 12c, Offers Guidance

Mattel Reports Third Quarter 2021 Financial Results

October 21, 2021 4:05 PM EDT

Net Sales of $1,762 million, up 8% as reported, and 7% in constant currency, versus prior year Reported Gross Margin of 47.8%, a decrease of 280 basis points; Adjusted Gross Margin of 47.8%, a decline of 280 basis points Reported Operating Income of $389 million, an increase of $10 million; Adjusted Operating Income of $401 million, an improvement of $4 million Reported Net Income of $813 million, which includes a non-cash benefit of $510 million resulting from the release of valuation allowances on deferred tax assets Adjusted EBITDA of $463 million, a decline of $2 million Company raises... More