Mattel Reports Q3 2026 Growth Driven by Hot Wheels Amid Barbie and Fisher-Price Declines
Mattel (MAT) reported third-quarter net sales of $1,806.7 million, a 4% increase year-over-year driven by growth in North America and International segments. Adjusted EPS rose to $1.30 from $0.91 in the prior year, bolstered by an adjusted gross margin of 55.0%, which benefited significantly from $88 million in tariff refunds. Despite overall revenue growth, performance was mixed across key brands. Hot Wheels saw a 7% increase in gross billings, while Barbie and Fisher-Price experienced declines of 9% and 14%, respectively. Due to softer point-of-sale trends, management has lowered its full-year 2026 guidance for both net sales growth and adjusted EPS.
Tickers: $MAT
Topics: adjusted eps brand performance gross margin net sales
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Part of the story Mattel Revises Full-Year Sales Guidance Amid Mixed Brand Performance (2 articles)