Core Insights - Mattel, Inc. reported a decline in shares after missing earnings and revenue estimates for the third quarter [1][2] Financial Performance - Adjusted earnings were reported at 89 cents per share, missing the analyst estimate of $1.07 [2] - Quarterly revenue was $1.73 billion, falling short of the Street estimate of $1.83 billion [2] - Net sales decreased by 6% as reported and 7% in constant currency [5] - Adjusted gross margin was 50.2%, a decrease of 290 basis points [5] - Adjusted operating income was $387 million, down $117 million [5] - Net income was $278 million, a decrease of $94 million [5] Management Commentary - CEO Ynon Kreiz noted challenges in the U.S. business due to industry-wide shifts in retailer ordering patterns but emphasized strong fundamentals and growth in consumer demand across all regions [3] - Kreiz mentioned that since the beginning of the fourth quarter, orders from U.S. retailers have significantly accelerated, with positive expectations for the holiday season and strong topline growth in the fourth quarter [4] Future Outlook - Mattel affirmed its fiscal 2025 EPS guidance of $1.54 to $1.66, compared to the $1.61 estimate [4] - Revenue guidance for fiscal 2025 is set at $5.43 billion to $5.54 billion, against the $5.45 billion estimate [4]