MAT

EX-99.1

3 exhibit991.htm

EX-99.1

Document

NEWS RELEASE

Exhibit 99.1

MATTEL REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS

Third Quarter 2026 Highlights Versus Prior Year

•Net Sales of $1,807 million, up 4% as reported, and 3% in constant currency

•Gross Margin of 54.8%, an increase of 480 basis points; Adjusted Gross Margin of 55.0%, an increase of 480 basis points; primarily driven by $88 million of tariff refunds received

•Operating Income of $476 million, an increase of $96 million; Adjusted Operating Income of $502 million, an increase of $106 million

•Net Income of $354 million, an increase of $75 million

•Earnings per Share of $1.23 compared to $0.88 per share; Adjusted Earnings per Share of $1.30 compared to $0.91 per share

Business Highlights

•Hot Wheels continued its strong performance, with Gross Billings up 7% as reported, and 6% in constant currency

•$308 million of shares repurchased in the first nine months of 2026

•Company announced Steve Totzke as President and Chief Operating Officer

EL SEGUNDO, Calif., November 5, 2026 – Mattel, Inc. (NASDAQ: MAT) today reported third quarter 2026 financial results.

Roger Lynch, Chairman and CEO of Mattel, said: “My first few weeks leading Mattel have reinforced my belief in the company’s potential. I also see clearly where we must improve. We will focus our resources on our greatest opportunities and translate the strength of Mattel's portfolio and capabilities into more consistent financial performance. Our priorities are clear: strengthen our brands and win in toys, drive innovation and creativity, and invest with discipline to drive profitable growth.”

Third Quarter Financial Overview

Net Sales

Net Sales were $1,807 million, up 4% as reported, and 3% in constant currency, versus the prior year’s third quarter. The increase in Net Sales as reported was driven by a 4% increase in North America and a 5% increase in International. The increase in Net Sales in constant currency was driven by a 4% increase in North America and a 3% increase in International.

Gross Margin

Reported Gross Margin was 54.8%, versus 50.0% in the prior year’s third quarter, and Adjusted Gross Margin was 55.0%, versus 50.2%. The improvement in Reported and Adjusted Gross Margin was primarily driven by $88 million of tariff refunds received. Inflation and higher royalties more than offset other benefits, including the contribution of Mattel163, cost savings, and favorable foreign exchange.

Operating Income

Reported Operating Income was $476 million, an increase of $96 million, and Adjusted Operating Income was $502 million, an increase of $106 million. The increase in Reported and Adjusted Operating Income was primarily driven by higher Gross Profit, partly offset by higher Advertising expenses.

Earnings Per Share

Reported Earnings per Share was $1.23, as compared to $0.88, and Adjusted Earnings per Share was $1.30, as compared to $0.91. The increase in Reported and Adjusted Earnings per Share was primarily due to the same factors that benefited Adjusted Operating Income.

NEWS RELEASE

Cash Flow

For the nine months ended September 30, 2026, Cash Flows Used for Operating Activities were $114 million, as compared to a use of $203 million, primarily due to favorable working capital, partially offset by a decrease in Net Income, excluding the impact of non-cash items.

Cash Flows Used for Investing Activities were $250 million, compared to a use of $98 million. The increase was primarily due to cash paid in connection with the acquisition of Mattel163 net of cash acquired, and higher capital expenditures.

Cash Flows Used for Financing Activities and Other were $338 million, as compared to a use of $395 million. During the first nine months, Mattel used $308 million of cash for share repurchases as compared to $412 million in the prior year.

As of September 30, 2026, roughly $1.2 billion remained available under the Company's $1.5 billion share repurchase authorization.

Third Quarter Worldwide Gross Billings by Category

Gross Billings for Dolls were $703 million, up 4% as reported and in constant currency, primarily driven by partner brands including the addition of KPop Demon Hunters, mainly offset by a decline in Barbie.

Gross Billings for Vehicles were $680 million, up 9% as reported, or 7% in constant currency, primarily driven by growth in Hot Wheels.

Gross Billings for Infant, Toddler, and Preschool were $221 million, down 16% as reported, or 17% in constant currency, primarily due to a decline in Fisher-Price.

Gross Billings for Action Figures, Building Sets, Games, and Other were $451 million, up 12% as reported, or 11% in constant currency, primarily driven by growth in Games (including the contribution of Mattel163) and Action Figures.

2026 Guidance

For the full year 2026, the Company now expects:

•Net Sales growth in the range of 1% to 4% in constant currency,

•Adjusted Gross Margin of roughly 48%,

•Adjusted Operating Income in the range of

mat-20260804

0000063276false00000632762026-08-042026-08-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

August 4, 2026

MATTEL, INC.

(Exact name of registrant as specified in its charter)

Delaware001-0564795-1567322

(State or other jurisdiction of incorporation)(Commission File No.)(I.R.S. Employer Identification No.)

333 Continental Boulevard

El Segundo, California 90245-5012

(Address of principal executive offices)

Registrant’s telephone number, including area code

(310) 252-2000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, $1.00 per shareMATThe Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition.

On August 4, 2026, Mattel, Inc. (“Mattel”) issued a press release regarding its second quarter 2026 financial results, a copy of which is furnished as Exhibit 99.1 hereto. This exhibit is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits: Press release dated August 4, 2026, issued by Mattel, Inc.

Exhibit No.  Exhibit Description

99.1**

Press release dated August 4, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

** Furnished herewith

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MATTEL, INC.

Registrant

By:/s/ Jonathan Anschell

Name:Jonathan Anschell

Title:Executive Vice President, Chief Legal Officer, and Secretary

Dated: August 4, 2026

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