Mattel Q1 sales beat on international growth

Mattel

29/04/2026 21:15

Overview

US toymaker's Q1 net sales rose 4%, beating analyst expectations

Adjusted EPS for Q1 was a loss of $0.20, down from a $0.02 loss last year

Company repurchased $200 mln of shares and completed Mattel163 acquisition

Outlook

Mattel sees 2026 net sales growth of 3% to 6% in constant currency

Company expects 2026 adjusted EPS of $1.27 to $1.39

Mattel says guidance remains subject to market volatility and macro-economic risks

Result Drivers

INTERNATIONAL GROWTH - Net sales increase was driven by a 15% rise in international sales, partially offset by a 3% decline in North America

PRODUCT MIX - Growth in vehicles and action figures offset declines in dolls and infant categories; Hot Wheels and games (including Mattel163) performed strongly while Barbie and Fisher-Price declined

MARGIN PRESSURE - Gross margin fell 450 basis points due to tariffs, unfavorable foreign exchange, and inflation, partially offset by mitigation actions and cost savings

Company press release: ID:nBw6bQLr5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$862 mln
$804.73 mln (11 Analysts)
Q1 Net Income
$61 mln
Q1 Adjusted Gross Margin
45.10%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the toys & children's products peer group is "buy"

Wall Street's median 12-month price target for Mattel Inc is $18.00, about 21.7% above its April 28 closing price of $14.79

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)