- Mattel ( NASDAQ: MAT ): Q4 Non-GAAP EPS of $0.18 misses by $0.11 .
- Revenue of $1.4B (-22.2% Y/Y) misses by $280M .
- Company raises Optimizing for Growth cost savings program goal to $300M.
- Share repurchases expected to resume in 2023, with about $200M remaining under the company's current authorization.
- Sees FY 2023 net sales comparable in constant currency to FY 2022's net sales of $5.44B. The consensus revenue estimate is $5.92B.
- Sees FY 2023 adj. EPS of $1.10 to $1.20. The consensus EPS estimate is $1.66.
- Press release
- Shares -9.8% after hours.
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Mattel Q4 results miss estimates, co guides FY 2023 net sales below consensus