Mattel reiterated 2026 guidance, expecting net sales to grow 3%–6% in constant currency.
The company expects 2026 adjusted EPS between $1.27 and $1.39.
Mattel sees 2026 adjusted gross margin at approximately 50%.
Q2 results
US toy maker's Q2 net sales rose 10%, beating analyst expectations.
Barbie maker posted a Q2 net loss of $18 million versus net income of $53 million a year ago.
Adjusted EPS for Q2 fell sharply from the prior year.
The company repurchased $100 million of shares in Q2, or $300 million year-to-date.
Drivers of the quarter
Category performance - Growth in Vehicles, driven by Hot Wheels, and Action Figures, helped by theatrical releases and digital games, was offset by declines in Dolls, including Barbie, and Infant, Toddler and Preschool, including Fisher-Price.
- Lower gross margin reflected tariffs, inflation, higher royalties and unfavorable foreign exchange, partly offset by cost savings and Mattel163 contribution.
MAT•
