Mattel Publishes Q3 2026 Earnings Call Transcript

• Mattel cut its 2026 outlook as weaker-than-expected consumer sales late in the third quarter continued into the fourth quarter across major markets.
• Full-year guidance now targets constant-currency sales growth of 1%-4%, with adjusted earnings per share of $1.05-$1.20.
• Adjusted operating income is forecast at $500 million-$570 million; adjusted gross margin at roughly 48%, excluding tariff refunds.
• CEO Roger Lynch prioritized strengthening the core toy business; Barbie remained below expectations, while Hot Wheels approached $2 billion in gross billings.
• The November 5 third-quarter earnings call included Lynch, CFO Peter Griffith, Executive Advisor Paul Ruh and investor relations head Katina Metzidakis.

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