Mattel Q1 Revenues Rise

While revenues were up for Mattel in the first quarter, rising by 4 percent on a constant currency basis to $827 million, the toy giant reported a wider net loss of $40 million and has paused its full-year guidance, citing the “macro-economic environment and evolving U.S. tariff situation.”

“This was a strong quarter for Mattel, with positive performance and continued operational excellence,” said Ynon Kreiz, chairman and CEO. “Our brands are thriving, our products and experiences stand out in the marketplace, and our balance sheet gives us resilience and flexibility to execute our strategy. As we navigate the current period of macroeconomic volatility, we are adapting with speed, agility and discipline. We expect not only to manage through this period but strengthen our competitive position.”

“Mattel achieved top line growth in the quarter, with broad-based category strength and expanded gross margins,” added Anthony DiSilvestro, CFO. “Given the evolving tariff situation, we are taking mitigating actions designed to fully offset the potential incremental cost impact. We are well-positioned financially with ample cash and will continue to manage our balance sheet in line with our capital allocation priorities.”

Steps Mattel is implementing to weather the current economic challenges and tariffs include diversifying its supply chain to reduce reliance on products sourced for China and, where necessary, increasing prices in the U.S.