BRIEF-Mattel Pausing FY 2025 Guidance Until Co Has Sufficient Visibility

Reuters

05-06

BRIEF-Mattel Pausing FY 2025 Guidance Until Co Has Sufficient Visibility

May 5 (Reuters) - Mattel Inc MAT.O:

MATTEL Q1 NET SALES $827 MILLION VERSUS IBES ESTIMATE $786.0 MILLION
MATTEL Q1 ADJUSTED EPS $-0.03 VERSUS IBES ESTIMATE $-0.10
MATTEL: PAUSING FY 2025 GUIDANCE UNTIL CO HAS SUFFICIENT VISIBILITY
MATTEL: MAINTAINING $600 MILLION SHARE REPURCHASE TARGET FOR 2025
MATTEL: TAKING ACTIONS TO OFFSET POTENTIAL INCREMENTAL COST IMPACT OF TARIFFS LIKE TAKING PRICING ACTION IN U.S. BUSINESS, WHERE NEEDED
MATTEL: INCREASING 2025 SAVINGS TARGET UNDER OPTIMIZING FOR PROFITABLE GROWTH PROGRAM TO $80 MILLION
MATTEL: TAKING ACTIONS TO OFFSET POTENTIAL INCREMENTAL COST IMPACT OF TARIFFS LIKE REDUCING RELIANCE ON CHINA SOURCED PRODUCT

((Reuters.Briefs@thomsonreuters.com;))

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