Mattel sees FY25 adjusted EPS $1.66-$1.72, consensus $1.58

Sees FY25 net sales up 2%-3%, with adjusted gross margin comparable to FY24. Mattel (MAT) said: “Guidance includes the anticipated impact of new U.S. tariffs on China, Mexico and Canada imports announced on February 1st, and mitigating actions we plan to take, including leveraging the strength of our supply chain, and potential pricing. We are operating in a macro-economic environment that may impact consumer demand. The guidance considers what the company is aware of today, but remains subject to market volatility, unexpected disruptions including additional regulatory actions impacting international trade such as tariffs, and other macroeconomic risks and uncertainties.”