Mattel (MAT) Misses Q4 EPS by 11c; Guides Lower
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Mattel Reports Fourth Quarter and Full Year 2022 Financial Results
February 8, 2023 4:05 PM ESTFourth Quarter 2022 Highlights Versus Prior Year
Net Sales of $1,402 million, down 22% as reported, or 19% in constant currency Gross Margin of 43.0%, a decrease of 630 basis points; Adjusted Gross Margin of 43.1%, a decrease of 620 basis points Operating Income of $79 million, a decrease of $178 million; Adjusted Operating Income of $79 million, a decrease of $185 million Net Income of $16 million, a decrease of $210 million EPS of $0.04 compared to $0.63 per share; Adjusted EPS of $0.18 compared to $0.53 per share Adjusted EBITDA of $158 million, a decrease of $163 millionFull Year 2022 Highlights Versus... More
