Company Performance - Mattel reported a quarterly loss of $0.03 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and an improvement from a loss of $0.05 per share a year ago, representing an earnings surprise of 72.73% [1] - The company posted revenues of $826.6 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.37% and showing an increase from $809.5 million in the same quarter last year [2] - Over the last four quarters, Mattel has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Outlook - Mattel shares have declined approximately 7.6% since the beginning of the year, compared to a decline of 3.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $1.1 billion, and for the current fiscal year, it is $1.59 on revenues of $5.42 billion [7] - The estimate revisions trend for Mattel is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Toys - Games - Hobbies industry, to which Mattel belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

Financial Performance - Mattel's net sales in Q1 2025 increased by 2% to $826.6 million compared to $809.5 million in Q1 2024[111]. - Gross billings rose by 3% to $924.2 million in Q1 2025, with a $25.2 million increase compared to $898.9 million in Q1 2024[111]. - Operating loss increased to $53.0 million in Q1 2025, compared to a loss of $35.5 million in Q1 2024, reflecting a 49% year-over-year increase[110]. - North America segment net sales were $491.4 million in Q1 2025, a 3% increase from $477.8 million in Q1 2024[124]. - International segment net sales were $335.3 million in Q1 2025, a 1% increase from $331.7 million in Q1 2024[132]. - International segment operating income rose to $23.3 million in Q1 2025, compared to $9.3 million in Q1 2024, primarily due to higher gross profit[138]. Cost and Margin Analysis - Gross margin expanded to 49.4% in Q1 2025 from 48.0% in Q1 2024, driven by lower inventory management costs and favorable foreign currency exchange[106]. - Cost of sales decreased by 1% to $418.5 million in Q1 2025 from $420.6 million in Q1 2024[116]. - Other selling and administrative expenses rose to $390.9 million, or 47.3% of net sales, in Q1 2025, up from $352.9 million, or 43.6% of net sales, in Q1 2024[119]. - Advertising and promotion expenses as a percentage of net sales were 8.5% in Q1 2025, compared to 8.8% in Q1 2024[118]. - Sales adjustments increased to $97.5 million in Q1 2025, up from $89.4 million in Q1 2024, representing 11.8% of net sales[115]. Cash Flow and Financial Position - Mattel ended Q1 2025 with a cash balance of $1.24 billion, up from $1.13 billion in Q1 2024[106]. - Cash flows from operating activities were $24.8 million in Q1 2025, down from $35.5 million in Q1 2024, primarily due to a decrease in net income[150]. - Cash flows used for investing activities increased to $31.3 million in Q1 2025 from $28.4 million in Q1 2024, mainly due to higher capital expenditures[151]. - Cash flows used for financing activities rose to $161.9 million in Q1 2025 from $131.3 million in Q1 2024, driven by $60 million in higher share repurchases[152]. - Total debt was $2.34 billion as of March 31, 2025, consistent with $2.33 billion at December 31, 2024[159]. - Stockholders' equity decreased by $134.5 million to $2.13 billion at March 31, 2025, primarily due to share repurchases of $160 million and a net loss of $40.3 million[160]. Inventory and Receivables - Accounts receivable decreased by $369.9 million to $633.3 million at March 31, 2025, primarily due to seasonal declines[155]. - Inventories increased by $156.7 million to $658.4 million at March 31, 2025, primarily due to seasonal inventory build[156]. - Cash and equivalents decreased by $144.2 million to $1.24 billion at March 31, 2025, from $1.39 billion at December 31, 2024, mainly due to share repurchases[154]. Currency and Foreign Exchange - Mattel's financial results are impacted by foreign currency exchange rate fluctuations, particularly with the Euro and British pound sterling[170]. - The company uses foreign currency forward exchange contracts to hedge its exposure, with maturity dates of up to 24 months[170]. - A one percent change in the U.S. dollar would have impacted Mattel's Q1 2025 net sales by approximately 0.2%[172]. - The estimated impact of a one percent change in the U.S. dollar on net income per share would be less than $0.01[172]. - Currency translation adjustments are recorded as a component of accumulated other comprehensive loss within stockholders' equity[171]. Strategic Initiatives - The OPG program aims for $200 million in targeted annual gross cost savings by 2026, with 60% benefiting cost of sales and 40% benefiting other selling and administrative expenses[139]. - Mattel's estimated costs associated with the OPG program range from $115 million to $145 million, including severance and restructuring costs of $110 million to $135 million[140]. - As of March 31, 2025, cumulative severance and restructuring charges related to the OPG program amounted to approximately $94 million, with realized cumulative cost savings of approximately $103 million, representing a 60% benefit to cost of sales[141].

Financial Data and Key Metrics Changes - Net sales grew 2% as reported and 4% in constant currency to $827 million [7][27] - Adjusted gross margin increased 130 basis points to 49.6% [7][27] - Adjusted EBITDA grew 7% to $57 million [7][27] - Adjusted loss per share improved by $0.02 to a loss of $0.03 [27][32] - Cash from operations was $25 million compared to $35 million in the prior year [32] - Free cash flow generated over the last twelve months was $582 million compared to $964 million in the prior year [33] Business Line Data and Key Metrics Changes - Dolls gross billings increased 2%, driven by Disney Princess and Wicked, while Barbie and American Girl were comparable to the prior year [28][15] - Vehicles increased 6%, with Hot Wheels growing 7% [28][15] - Infant toddler and preschool overall declined 5% due to planned exits in baby gear and Power Wheels, partly offset by growth in preschool entertainment [28][15] - Challenger categories overall increased 14%, driven by growth in Action Figures and Games [28][15] - Action Figures grew double digits, driven by Minecraft, Jurassic World, and WWE [28][15] Market Data and Key Metrics Changes - Gross billings increased 4% in North America, including double-digit growth in Canada [30] - EMEA increased 8% with growth across almost every market [30] - Asia Pacific increased 12%, driven by growth in Australia, India, and China [30] - Latin America declined 7%, reflecting the impact of retailers reducing inventory levels [30] Company Strategy and Development Direction - The company is focusing on diversifying its supply chain and reducing reliance on China-sourced products [8][9] - Plans to relocate production of 500 toy SKUs from China to other locations in 2025 [10] - Aiming to reduce U.S. imports from China to less than 15% of global production by 2026 and less than 10% by 2027 [13][9] - Committed to maintaining a strong balance sheet and executing a $600 million share repurchase program for 2025 [24][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in mitigating actions to offset potential tariff impacts [23][41] - The company is pausing full-year 2025 guidance due to uncertainty in consumer spending and the evolving tariff situation [22][40] - Management believes the toy industry has historically proven resilient during uncertain times [23] Other Important Information - The company reported a strong first quarter with top-line growth and gross margin expansion [7][24] - The entertainment strategy is progressing, with several movies in production and partnerships with major entertainment companies [19][20] Q&A Session Summary Question: Can you outline the roadmap to offset the impact of incremental tariffs? - Management indicated that Q1 was not impacted by tariffs and does not expect Q2 to be affected, with potential impacts anticipated in Q3 [44] - Current exposure to tariffs is estimated at $270 million, before considering mitigating actions [45][46] Question: What flexibility exists in the supply chain to transition out of China? - The company has established a flexible, modular supply chain over seven years, sourcing from multiple countries [51][52] Question: How confident is the company in passing along pricing to retailers? - Management emphasized long-standing relationships with retailers and a strategic approach to pricing while keeping consumer value in mind [59][60] Question: What is the current state of inventory levels post-Easter? - Inventory levels are appropriate for this time of year, with retail inventories up slightly due to the later Easter holiday [80] Question: Have there been changes in retailer buying behavior? - No notable pull forward or cancellations have been observed, but some volatility is expected in gross billings due to direct import assessments [84][85]

Financial Data and Key Metrics Changes - Net sales grew 2% as reported and 4% in constant currency to $827 million [6][25] - Adjusted gross margin increased by 130 basis points to 49.6% [6][25] - Adjusted EBITDA grew 7% to $57 million [6][25] - Cash balance at quarter end was $1.24 billion, an increase of $113 million year-over-year [32] - Total debt remained approximately $2.34 billion [33] Business Line Data and Key Metrics Changes - Dolls gross billings increased 2%, driven by Disney Princess and Wicked, while Barbie and American Girl were comparable to the prior year [26][15] - Vehicles increased 6%, with Hot Wheels growing 7% [26][15] - Infant toddler and preschool overall declined 5%, primarily due to declines in baby gear and Power Wheels [26] - Challenger categories overall increased 14%, driven by growth in Action Figures and Games [28] Market Data and Key Metrics Changes - Gross billings increased 4% in North America, including double-digit growth in Canada [29] - EMEA increased 8% with growth across almost every market [29] - Asia Pacific increased 12%, driven by growth in Australia, India, and China [29] - Latin America declined 7%, reflecting the impact of retailers reducing inventory levels [29] Company Strategy and Development Direction - The company is diversifying its supply chain to reduce reliance on China, with plans to relocate production of 500 toy SKUs from China to other locations in 2025 [9][10] - Aiming to reduce U.S. imports from China to less than 15% of global production by 2026 and less than 10% by 2027 [13][12] - The company is committed to maintaining a strong balance sheet and executing a $600 million share repurchase program for 2025 [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in mitigating actions to offset potential tariff impacts, emphasizing a strong balance sheet and operational excellence [22][23] - The company is pausing full-year 2025 guidance due to uncertainty in consumer spending and the evolving tariff situation [21][22] - Management noted that the toy industry has historically proven resilient during uncertain times [22] Other Important Information - The company reported a strong first quarter with top-line growth and gross margin expansion [6][23] - The entertainment strategy is progressing, with several movies in production and partnerships with major entertainment companies [18][19] Q&A Session Summary Question: Can you outline the roadmap to offset the impact of incremental tariffs? - Management indicated that Q1 was not impacted by tariffs and expects Q2 to be unaffected as well, with potential impacts starting in Q3 [42] - Current exposure to tariffs is estimated at $270 million, before considering mitigating actions [43][44] Question: What flexibility exists in the supply chain to transition out of China? - The company has established a flexible, modular supply chain over seven years, sourcing from multiple countries [50][52] Question: How confident is the company in passing along pricing to retailers? - Management emphasized long-standing relationships with retailers and a strategic approach to pricing, ensuring affordability [55][59] Question: What is the current state of inventory levels post-Easter? - The company reported that both owned and retail inventories are at appropriate levels, with some increases due to the later Easter holiday [78] Question: Have there been changes in retailer buying behavior? - No significant changes in buying behavior were noted, but some volatility is expected in gross billings due to direct import assessments [82][84]

MAT一季度调整后每股亏损0.03美元 维持2025年回购6亿美元股票的目标不变 智通财经5月6日电，美泰（MAT）一季度调整后每股亏损0.03美元，分析师预期亏损0.10美元；一季度 净销售8.266亿美元，分析师预期7.886亿美元。维持2025年回购6亿美元股票的目标不变。 ...

NEWS RELEASE Exhibit 99.1 MATTEL REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS First Quarter 2025 Highlights Versus Prior Year EL SEGUNDO, Calif., May 5, 2025 – Mattel, Inc. (NASDAQ: MAT) today reported first quarter 2025 financial results. Ynon Kreiz, Chairman and CEO of Mattel, said: "This was a strong quarter for Mattel, with positive performance and continued operational excellence. Our brands are thriving, our products and experiences stand out in the marketplace, and our balance sheet gives us resilien ...

Core Viewpoint - Mattel, Inc. is expected to report a decline in revenues and earnings for the first quarter of 2025, primarily due to underperformance in the Barbie brand and adverse macroeconomic conditions [1][3][5]. Financial Performance - In the last quarter, Mattel's earnings exceeded the Zacks Consensus Estimate by 52.2%, while revenues fell short by 0.5%. Year-over-year, earnings and revenues increased by 20.7% and 2%, respectively [1]. - For the upcoming quarter, the Zacks Consensus Estimate indicates a loss of 11 cents per share, representing a 120% decline year-over-year. Revenue is projected at $799.7 million, down 1.2% from $809.5 million a year ago [2]. Brand Performance - The decline in revenues is attributed to weak performance from the Barbie brand in both North America and international markets, despite improvements in the Hot Wheels and Fisher-Price brands [3]. - Worldwide gross billings for the top three Power Brands are estimated at $165 million for Barbie (down 7.3%), $95 million for Fisher-Price (up 2.2%), and $263 million for Hot Wheels (up 1.9%) [4]. Cost and Expenses - The company's bottom line is expected to be negatively impacted by increased selling and administrative expenses, particularly due to higher employee compensation and elevated advertising costs [4]. Market Conditions - Ongoing macroeconomic challenges, including suppressed discretionary spending and inflationary pressures, are likely to hinder the company's performance despite its focus on cost control and diversified entertainment offerings [5]. Earnings Prediction Model - The Zacks model suggests that Mattel is unlikely to achieve an earnings beat this quarter, with an Earnings ESP of -4.76% and a Zacks Rank of 4 (Sell) [6].

Group 1 - The U.S. stock market experienced a significant rebound after a period of decline, with the Dow Jones Industrial Average gaining 2.6%, S&P 500 up 3%, and Nasdaq increasing by 4% [2] - Consumer goods companies such as Hasbro and Mattel saw notable stock price increases, with Hasbro up 5.1% and Mattel up 6.6% [2] - The optimism in the market is attributed to President Trump's announcement of a potential substantial reduction in tariffs on Chinese imports, which previously stood at 145% [5][6] Group 2 - Hasbro and Mattel rely heavily on imports from China, with estimates suggesting that up to 70% of their toys are sourced from there, making them vulnerable to high tariffs [5][6] - Walmart, as a major retailer, also sources a significant portion of its consumer goods from China, thus benefiting from the reduced tariff threat [6] - Valuation remains a critical factor for investors, with Hasbro trading at a price-to-earnings (P/E) ratio of 19 and Mattel at 9, compared to Walmart's higher P/E ratio of nearly 40 [7]

Group 1 - Toy giants Mattel and Hasbro have experienced significant stock declines due to President Trump's intensified trade war with China, with Mattel shares hitting a 52-week intraday low of $13.95, down 27% since the announcement of the "reciprocal tariff" policy [1] - Hasbro's shares also fell to a 52-week low of $49, representing a decline of more than 20% in the same timeframe [1] - The toy industry is heavily dependent on supply chains in China, making companies vulnerable to changes in trade policy [2] Group 2 - Bank of America estimates that both Mattel and Hasbro source approximately 40% of their U.S. products from China [2]

Mattel (MAT) shares soared 8% in the last trading session to close at $15.86. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28.9% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Mattel shares soared, reflecting renewed investor optimism.This toy maker is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year ...