• Looking at performance by region in the second quarter, per NPD, Mattel’s growth exceeded the industry by 11 percentage points in EMEA.
• POS growth outpaced the industry, with strong consumer demand across the portfolio. EMEA was up 54% with POS increasing double digits.   
• Mattel outpaced the industry in the first half of 2021 and grew two times faster than the industry. Just in Q2 Mattel was up 5.0% when Total Industry declined. 
  • Source The NPD Group Retail Tracking Service / EU5 (UK FR GE IT SP) / Projected euros

Ynon Kreiz, Chairman and CEO of Mattel said: â€œThis was another exceptional quarter for Mattel, with outstanding consumer demand for our product. Our strength is foundational and broad-based. We believe we are in the strongest position we have been in many years to improve profitability and accelerate topline growth. This is an exciting time for Mattel.”  

Mr. Kreiz continued: “Our overall performance this quarter and comprehensive topline growth is adding momentum to our transformation strategy. We are now firmly in growth mode and establishing Mattel as an IP-driven, high-performing toy company.” 

Anthony DiSilvestro, CFO of Mattel said: “Mattel continued its strong performance this quarter, with substantial gains in net sales, further expansion of gross margin, and more than quadrupling our Adjusted EBITDA. We are meaningfully increasing our cash flow generation and free cash flow conversion as well as strengthening the balance sheet. We are pleased to raise guidance as we continue to improve profitability and accelerate topline growth.” 

“Mattel continued its strong performance this quarter, with substantial gains in net sales, further expansion of gross margin, and more than quadrupling our Adjusted EBITDA. We are meaningfully increasing our cash flow generation and free cash flow conversion as well as strengthening the balance sheet. We are pleased to raise guidance as we continue to improve profitability and accelerate topline growth.”

Anthony DiSilvestro, CFO of Mattel

For the second quarter, Net Sales were up 40% as reported, and 36% in constant currency, versus the prior year’s second quarter. Reported Operating Income was $49 million, an improvement of $97 million, and Adjusted Operating Income was $67 million, an improvement of $94 million. Reported Loss Per Share was $0.02, an improvement of $0.30 per share, and Adjusted Earnings Per Share was $0.03, an improvement of $0.29 per share. 

For the first six months of the year, Net Sales were up 43% as reported, and 41% in constant currency, versus the prior year’s first six months. Reported Operating Income was $83 million, an increase of $276 million versus the prior year’s first six month’s Reported Operating Loss of $193 million, and Adjusted Operating Income was $98 million, an increase of $253 million. Reported Loss Per Share was $0.34, an improvement of $0.57, and Adjusted Loss Per Share was $0.06, an improvement of $0.75 per share. 

Gross Billings by Categories 

Worldwide Gross Billings for Dolls were $395 million, up 51% as reported, and 47% in constant currency, versus the prior year’s second quarter, primarily driven by growth in Barbie, American Girl, Spirit, and Polly Pocket. 

Worldwide Gross Billings for Infant, Toddler, and Preschool were $229 million, up 15% as reported, and 12% in constant currency, primarily driven by growth in Fisher-Price and Thomas & Friends.  

Worldwide Gross Billings for Vehicles were $266 million, up 68% as reported, and 62% in constant currency, driven by growth in Hot Wheels, Matchbox, and CARS.  

Worldwide Gross Billings for Action Figures, Building Sets, Games, and Other were $258 million, up 32% as reported, and 28% in constant currency, primarily driven by growth in Jurassic World, Masters of the Universe, WWE, and MEGA, partially offset by Games, including UNO^®.