Mattel Q1 sales rise 4% to $862 million, but operating loss widens to $103 million
Mattel reported first quarter 2026 net sales of $862 million, up 4% as reported and 1% in constant currency. Operating loss widened to $103 million from $53 million, and adjusted operating loss widened to $70 million from $8 million. Reported net income of $61 million, or $0.20 per diluted share, was lifted by a $148 million gain on remeasuring its previously held stake in Mattel163, and the company left its full-year 2026 guidance unchanged apart from a recast that excludes amortization of acquired intangibles.
Key points
- Net sales were $862 million, up 4% as reported and 1% in constant currency, with International up 15% and North America down 3%.
- Operating loss was $103 million versus $53 million a year earlier; adjusted loss per share was $0.20 versus $0.02.
- Reported diluted EPS of $0.20 compared with a loss of $0.12, mainly due to the $148 million Mattel163 remeasurement gain.
- Mattel repurchased $200 million of shares in the quarter and maintained its $400 million 2026 repurchase target.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.