Mattel Kicks Off Q3 Earnings Season, Adjusts Guidance

The ،use that Barbie and Hot Wheels built reported global net sales of $1.84 billion in the third quarter, a 4% decline versus the same period last year. Sales in North America fell 3%.

Reported operating income was $488 million, an improvement of $14 million. Adjusted operating income was $504 million, a decrease of $2 million. Reported earnings per share were $1.09, an improvement versus $0.41 per share. Mattel says its adjusted EBITDA of $584 million is an improvement of $5 million

For the first nine months of 2024, net sales dipped 2%. Looking ahead, the company expects sales for 2024 to be flat to slightly down compared to last year.