Mattel Lowers Full-Year Sales and Earnings Guidance After Mixed Results
Mattel reported mixed quarterly results and lowered its full-year guidance for sales and earnings. Adjusted earnings were $1.30 a share, above 94 cents a share. The company also named a new chief operating officer.
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11:03:20 PM UTC
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Mattel, Inc. released its financial results for the third quarter of 2026, reporting revenue of $1.81 billion and adjusted earnings of $1.30 per share. The company's performance included a 4% increase in reported sales, with adjusted operating income reaching $502 million. Management noted that margin expansion during the quarter was significantly supported by $88 million in tariff refunds. Alongside the quarterly results, the company provided an updated outlook for the full year 2026, projecting an adjusted EPS range of $1.05 to $1.20, which falls below the FactSet consensus estimate of $1.29. The updated guidance excludes the benefit of the tariff refunds received in the third quarter.
By Janet H. ChoShares of Mattel Inc. were falling after the maker of Barbie and Hot Wheels toys reported mixed quarterly earnings results and lowered its full-year guidance for sales and earnings. It also named a new chief operating officer.Adjusted earnings of $1.30 a share beat the 94 cents a sha…