Mattel reported second quarter 2026 financial results with net sales of $1,125 million, a 10% increase as reported and 9% in constant currency compared to the prior year. The company posted a net loss of $18 million, or a loss per share of $0.06, contrasting with net income of $53 million and earnings per share of $0.16 in the previous year. Adjusted operating income decreased 57% to $39 million, while adjusted gross margin contracted by 260 basis points to 48.6%. Mattel reaffirmed its full-year 2026 guidance for net sales growth of 3% to 6% and adjusted earnings per share between $1.27 and $1.39. The company repurchased an additional $100 million in shares during the quarter, bringing year-to-date buybacks to $300 million against a full-year target of $400 million. Mattel operates as a global leader in the toy and family entertainment industry.

Mattel, Inc. announced on July 29, 2026, that Roberto Stanichi was promoted to President, Chief Marketing and Brand Officer from his previous role as Executive Vice President and Chief Global Brand Officer. Mr. Stanichi will oversee brand strategy, marketing, consumer insights, and product design while reporting to CEO Ynon Kreiz. In connection with the promotion, he entered into a letter agreement providing an annual base salary of $900,000 and a target incentive award of 100% of base salary. He received two special stock grants totaling $3.9 million in aggregate value: one incremental grant valued at $1.9 million (50% RSUs, 50% PSUs) and one promotion grant valued at $2.0 million (100% RSUs), both with a grant date of July 31, 2026. Starting in 2027, his annual target stock grant value will increase to $3.0 million. Mattel is a leading global play and family entertainment company that designs, manufactures, and markets toys and consumer products under iconic brands such as Barbie, Hot Wheels, and Fisher-Price.