NASDAQ$MAT
Mattel Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Mattel's financial performance was strong, exceeding expectations with increased consumer demand and strategic execution in navigating global supply chain disruptions.
Mattel reported strong Q3 2021 financial results, with net sales up 8% and significant gains in market share. The company successfully navigated global supply chain disruptions and raised its 2021 guidance for net sales and adjusted EBITDA.
- Net sales increased by 8% as reported, and 7% in constant currency, compared to the prior year.
- Reported operating income rose by $10 million, while adjusted operating income improved by $4 million.
- The company successfully navigated ongoing global supply chain disruption and gained market share.
- Mattel raised its 2021 guidance for net sales in constant currency and adjusted EBITDA.
Headline financials
Revenue & EPS history
Mattel · Revenue · Quarterly
$1.76B
Revenue by segment
Mattel · $1.71B total across 2 segments · Q3 2021
- North America Net Sales$1.04B+12.1%60.6%
- International Net Sales$673M+2.7%39.4%
Forward guidance
Full-year Net Sales, in constant currency, are expected to increase by approximately 15% versus the prior year. Adjusted Gross Margin guidance remains unchanged at a range of 47.6% to 48.1%. Adjusted EBITDA guidance is increasing by $25 million to a range of $900 to $925 million.
Tailwinds
- Net Sales are expected to increase by approximately 15% versus the prior year.
- Adjusted Gross Margin guidance remains unchanged at a range of 47.6% to 48.1%.
- Adjusted EBITDA guidance is increasing by $25 million to a range of $900 to $925 million.
- Capital expenditures guidance remains unchanged at a range of $150 to $175 million.
- Company expects to grow for the balance of the year and have a strong holiday season.
Headwinds
- Guidance takes into account anticipated supply chain disruption.
- Guidance remains subject to market volatility.
- Guidance remains subject to macro-economic risks and uncertainties.
- Guidance remains subject to risks associated with COVID-19.
- Unexpected supply chain disruption could negatively impact performance.
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 Q3 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
| Quarter | Report date | Reaction (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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