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Mattel (MAT)
NASDAQ:MAT
Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 17.87%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant achievements in profitability, gross margin expansion, and strategic initiatives in entertainment and games. However, challenges remain in the Dolls and Infant, Toddler, and Preschool segments, along with uncertainties surrounding tariff impacts.Company Guidance
During Mattel, Inc.'s Fourth Quarter 2024 Earnings Conference Call, CEO Ynon Kreiz highlighted several key financial metrics and strategic achievements. For the full year, Mattel's net sales declined by 0.5% in constant currency, while adjusted gross margin improved by 340 basis points. Adjusted EBITDA increased by $110 million, or 12%, and adjusted earnings per share (EPS) rose by 32%. The company generated nearly $600 million in free cash flow, despite the absence of the prior year's $100 million operating income boost from the Barbie movie. The "optimizing for profitable growth" program yielded $83 million in savings towards the $200 million target by 2026. Mattel ended the year with $1.4 billion in cash after a $400 million share repurchase. For 2025, Mattel anticipates net sales growth of 2% to 3% in constant currency and adjusted EPS growth of 2% to 6%, alongside continued investments in its digital game self-publishing business.Profit Growth and Margin Expansion
Adjusted gross margin improved 340 basis points, adjusted EBITDA increased $110 million or 12%, adjusted earnings per share increased 32%, and free cash flow was nearly $600 million.
Hot Wheels Success
Hot Wheels achieved its seventh consecutive record year with 17% growth in Q4 and is expected to have another record year in 2025.
UNO and Games Category Growth
Games category saw double-digit growth, with UNO achieving its highest year on record.
Entertainment Strategy Progress
Announced 16 films in development or production with major studio partners, and successful TV shows on platforms like Netflix and Max.
Share Repurchase Program
Repurchased $400 million of shares in 2024 with plans to repurchase an additional $600 million in 2025.
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MAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $18.07 | $20.84 | +15.33% |
| Oct 23, 2024 | $17.78 | $18.57 | +4.44% |
| Jul 23, 2024 | $17.24 | $18.93 | +9.80% |
| Apr 23, 2024 | $18.73 | $19.18 | +2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mattel (MAT) report earnings?
Mattel (MAT) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Mattel (MAT) earnings time?
Mattel (MAT) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAT EPS forecast?
MAT EPS forecast for the fiscal quarter 2024 (Q4) is 0.21.
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