NASDAQ$MAT

Mattel Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Mattel's Q2 2021 financial performance was marked by substantial gains in net sales and gross margin expansion.

Mattel reported an exceptional second quarter in 2021, with net sales up by 40% and significant improvements in profitability. The company's transformation strategy is gaining momentum, and it is now firmly in growth mode. Mattel is focused on improving profitability and accelerating topline growth.

  • Net sales increased by 40% as reported, and 36% in constant currency, versus the prior year.
  • Reported gross margin improved by 390 basis points to 47.5%.
  • Reported operating income was $49 million, a $97 million improvement.
  • Adjusted EBITDA increased by $102 million to $131 million.

Headline financials

Total Revenue

$1.03B

Previous: $732M+40.2%
EPS (adj)

$0.03

Previous: -$0.26+111.5%
Vehicles Gross Billings

$266M

Previous: $159M+67.8%
Dolls Gross Billings

$395M

Previous: $261M+51.2%
Infant, Toddler, and Preschool Gross Billings

$229M

Previous: $200M+14.8%
Action Figures, Building Sets, Games, and Other Gross Billings

$258M

Previous: $195M+32.4%
Total Gross Billings

$1.15B

No prior period
Barbie Gross Billings

$291M

Previous: $199M+46.2%
Hot Wheels Gross Billings

$227M

Previous: $137M+66.6%
Fisher-Price Gross Billings

$208M

Previous: $176M+17.9%
Capital Expenditures

-$40.3M

Previous: -$34.4M-17.3%
Free Cash Flow

-$45.9M

Previous: -$144M+68.1%
Net Income

-$5.54M

Previous: -$109M+94.9%
Operating Income

$49.1M

Previous: -$46.1M+206.5%
Gross Profit

$488M

Previous: $321M+52.1%
Cash & Equivalents

$385M

Previous: $462M-16.6%
Total Assets

$5.24B

Previous: $4.99B+5.0%
Stock-Based Comp

$15.2M

Previous: $9.14M+66.0%

Revenue & EPS history

Mattel · Revenue · Quarterly

$1.03B

Q2 2021+40.2%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Mattel · $986M total across 2 segments · Q2 2021

  • North America Net Sales
    $561M+29.5%
  • International Net Sales
    $425M+56.7%

Forward guidance

Mattel updated its 2021 guidance, which was provided on the Company’s Q2 2021 conference call and live webcast.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.5%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+0.3%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+21.9%

Q4 2018

Best reaction

-25.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-1.1%+0.3%
Q4 2025-25.0%-21.8%-23.7%
Q3 2025-2.8%+1.2%+5.4%
Q2 2025-0.5%-3.2%-3.0%
Q1 2025-0.6%+0.8%+20.5%
Q4 2024+15.3%+17.9%+16.2%
Q3 2024+2.5%+8.9%+3.2%
Q2 2024+1.3%+2.6%+2.9%
Q1 2024+3.0%-1.4%-5.9%
Q4 2023+1.9%+3.5%+6.9%
Q3 2023-8.1%-7.1%-7.1%
Q2 2023+0.3%+0.6%+3.3%
Q1 2023+7.4%+5.2%+6.9%
Q4 2022-11.8%-11.1%-19.5%
Q3 2022-2.3%-5.1%-8.0%
Q2 2022-4.5%-6.5%+3.0%
Q1 2022+11.6%+11.8%+11.8%
Q4 2021+11.8%+10.5%+3.3%
Q3 2021+2.9%+3.3%+13.9%
Q2 2021+3.6%+4.5%+4.7%
Q1 2021+1.0%+4.6%-3.5%
Q4 2020+0.1%+1.4%+13.8%
Q3 2020+13.7%+14.6%+20.8%
Q2 2020-0.2%-0.4%-1.9%
Q1 2020-1.0%+2.8%+18.1%
Q4 2019-3.9%-8.3%-43.1%
Q3 2019+16.7%+15.4%+14.7%
Q2 2019+13.5%+15.9%-24.4%
Q1 2019-3.2%-2.8%-12.8%
Q4 2018+21.9%+31.9%+16.0%
Q3 2018+0.1%+2.6%+0.0%
Q2 2018-5.3%-5.6%-6.6%
Q1 2018+5.1%+4.3%+13.0%
Q4 2017+4.4%+6.4%+4.6%
Q3 2017-9.4%-8.6%+19.8%
Q2 2017-6.1%-5.7%-21.3%
Q1 2017-13.2%-11.9%-11.8%
Q4 2016-16.7%-15.6%-17.4%
Q3 2016+5.7%+7.7%-0.6%
Q2 2016+1.1%+1.3%+1.5%
Q1 2016-8.2%
Q4 2015+10.4%
Q3 2015+6.1%
Q2 2015-5.0%
Q1 2015+5.4%
Q4 2014+3.8%
Q3 2014-5.8%
Q2 2014-7.3%
Q1 2014+0.3%
Q4 2013-16.2%
Q3 2013+2.1%
Q2 2013-5.9%
Q1 2013+2.3%
Q4 2012+3.1%
Q3 2012+5.6%
Q2 2012+10.3%
Q1 2012-6.8%
Q4 2011+0.5%
Q3 2011+4.4%
Q2 2011-0.7%
Q1 2011+1.1%
Q4 2010+0.2%
Q3 2010-0.7%
Q2 2010-1.1%
Q1 2009+1.6%
Q1 2010-2.2%
Q4 2007+1.3%
Q4 2009+1.3%
Q3 2008-0.3%
Q3 2009-0.3%
Q4 2008+1.8%
Q2 2008+1.8%
Q2 2009+1.8%

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