Mattel Outlook Clouded by Tariff Uncertainty and Delayed Christmas Orders

5 days ago

Reporter

"Mattel reporting uh their earnings just crossing the Bloomberg terminal. Investors don't like it. Down about 14%. Let's go right to the outlook. Uh company still sees fiscal year adjusted EPS of a buck 54 to a dollar uh 66 a share. Estimate is a $161. They still see fiscal year net sales at constant currency up 1% to up 3% and fiscal year adjusted gross margin of about 50%. The company says sales dip as tariff uncertainty delays Christmas orders and that's not a good good thing to hear because you know how much the holiday season is so important to this company."

The transcript details Mattel's earnings outlook, noting a significant 14% drop in its share price and concerns over delayed Christmas orders due to tariff uncertainty. Although the company maintains its EPS and gross margin guidance, investors remain wary given the criticality of the holiday season for sales.

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