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![]() | NEWS RELEASE |
• | Third quarter Net Sales of $1.44 billion. |
• | North America Net Sales increased by 4%; Gross Sales increased by 6%; highest sales growth in North America since Q4 2015. |
• | Recaptured position as the #1 toy company globally in each of the last four months through September, per NPD. |
• | Reported Operating Income was up 41%; first time in eight quarters the Company posted year-over-year growth. |
• | Remain on track to achieve or exceed $650 million run-rate savings exiting 2019. |
• | Reported Earnings Per Share increased to $0.02 versus Loss Per Share of ($1.75) in the prior year. Adjusted Earnings Per Share of $0.18 versus Adjusted Loss Per Share of ($0.04) in the prior year. |
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Mattel Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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Cash flows from operating activities could be negatively impacted by decreased demand for Mattels products, which could result from factors such as adverse economic conditions and changes in public and consumer preferences, or by increased costs associated with manufacturing and distribution of products or shortages in raw materials or component parts.
The decrease in other selling and administrative expenses was primarily due to Structural Simplification savings of $55 million and Toys R Us bad debt recoveries of $13 million, partially offset by severance and restructuring costs of $25 million.
Gross sales for the International segment were $1.51 billion in the first nine months of 2018, a decrease of $129.7 million, or 8%, as compared to $1.64 billion in the first nine months of 2017, with an unfavorable impact from changes in currency exchange rates of 1 percentage point and from lower Toys R Us sales of 2%.
Gross sales for the International segment were $656.5 million in the third quarter of 2018, a decrease of $120.5 million, or 16%, as compared to $777.0 million in the third quarter of 2017, with an unfavorable impact from changes in currency exchange rates of 5 percentage points and from lower Toys R Us sales of 1%.
North America segment income was $54.0 million in the first nine months of 2018, as compared to segment income of $109.6 million in the first nine months of 2017, primarily due to lower net sales and lower gross margin.
Gross sales were $1.61 billion...Read more
Although cost savings continue to...Read more
The valuation model assumes incremental...Read more
Market conditions could affect certain...Read more
Net sales for the third...Read more
American Girl segment loss was...Read more
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Accounts payable and accrued liabilities...Read more
The 14% increase in Barbie...Read more
The 22% increase in Barbie...Read more
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The 19% increase in Barbie...Read more
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International segment income was $46.5...Read more
These measures are not, and...Read more
Gross margin increased to 42.6%...Read more
The decrease in cash flows...Read more
Mattels ability to conduct its...Read more
Within cost of sales, product...Read more
The decrease in International segment...Read more
The decrease in gross sales...Read more
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The ultimate settlement of any...Read more
The 13% increase in Hot...Read more
Reducing manufacturing complexity, including SKU...Read more
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The increase in gross margin...Read more
If Mattel is unable to...Read more
Mattel believes that the disclosure...Read more
Additionally, Mattels ability to issue...Read more
Of the 15% decrease in...Read more
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The 7% increase in Power...Read more
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Refer to Non-GAAP Financial Measures...Read more
Inventory increased $125.3 million to...Read more
The 31% decrease in American...Read more
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The 28% decrease in American...Read more
The decrease in American Girl...Read more
The decrease was primarily due...Read more
The increase is also inclusive...Read more
Gross margin decreased to 36.3%...Read more
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Accounts receivable increased $184.3 million...Read more
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Mattels primary sources of liquidity...Read more
Cost of sales remained flat...Read more
Streamlining the organizational structure and...Read more
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The cash flows used for...Read more
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The increase was primarily driven...Read more
Gross margin in the first...Read more
Mattel realized cost savings before...Read more
Fisher-Price and Thomas & Friends...Read more
Mattel has several liquidity options...Read more
Cost of sales decreased 6%...Read more
Mattel is subject to credit...Read more
For entities reporting in currencies...Read more
The 9% decrease in Toy...Read more
The 13% decrease in Power...Read more
The 21% decrease in Toy...Read more
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See Item 1 Financial Statements...Read more
The decrease in gross sales...Read more
The decrease in gross sales...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Mattel Inc provided additional information to their SEC Filing as exhibits
Ticker: MAT
CIK: 63276
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-18-012921
Submitted to the SEC: Thu Oct 25 2018 4:08:14 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Dolls And Stuffed Toys