Mattel, Inc. (NASDAQ: MAT) reported net sales of $1.40 billion for the fourth quarter of 2022, which were down 22% year-over-year on a reported basis, and down 19% on a constant currency basis.
Net income was $16.1 million, or $0.04 per share, compared to $225.8 million, or $0.63 per share, last year. Adjusted EPS was $0.18.
For the full year of 2023, the company expects adjusted EPS to range between $1.10-1.20.
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