NEW YORK, Oct. 21 (Xinhua) -- Mattel on Tuesday reported weaker-than-expected sales and profit for the third quarter of 2025, as sluggish retail demand in North America weighed on its performance amid broader economic uncertainty.
Mattel's net sales totaled 1.736 billion U.S. dollars in the third quarter, down 6 percent as reported and 7 percent in constant currency. Gross margin declined 310 basis points to 50.0 percent, while adjusted gross margin slipped 290 basis points to 50.2 percent.
The operating income fell by 108 million dollars to 380 million dollars, and adjusted operating income dropped 117 million dollars to 387 million dollars. Net income came in at 278 million dollars, a decrease of 94 million dollars from the same period a year earlier.
"While our U.S. business was challenged in the third quarter by industry-wide shifts in retailer ordering patterns, the fundamentals of our business are strong, with growth in consumer demand for our products across every region," said Ynon Kreiz, chairman and CEO of Mattel. ■