Targeted annual gross cost savings from actions associated with the OPG program, which are expected to be completed by the end of 2026, were increased from $200 million to $225 million in the fourth quarter of 2025.

filing / Aug 6, 2026 / receipt

Of the $225 million in targeted annual gross cost savings, approximately 55% is expected to benefit cost of sales and 45% is expected to benefit other selling and administrative expenses.

filing / Aug 6, 2026 / receipt

As of June 30, 2026, in connection with the OPG program, Mattel recorded cumulative severance and other restructuring charges of approximately $134 million, which included approximately $5 million of non-cash charges.

filing / Aug 6, 2026 / receipt

Other restructuring charges (a) 10 5,535 ( 5,534 ) 11 $ 32,671 $ 23,183 $ ( 17,198 ) $ 38,656 (a) Other restructuring charges consist primarily of expenses associated with the consolidation of manufacturing and distribution facilities.

filing / Aug 6, 2026 / receipt

Targeted annual gross cost savings from actions associated with the OPG program, which are expected to be completed by the end of 2026, were increased from $200 million to $225 million in the fourth quarter of 2025.

filing / May 1, 2026 / receipt

Mattel realized cumulative cost savings (before severance, restructuring costs, and cost inflation) of approximately $189 million, which represents approximately 55% benefit to cost of sales, and approximately 45% benefit to other selling and administrative expenses, as of March 31, 2026, in connection with the OPG program.

filing / May 1, 2026 / receipt

As of March 31, 2026, in connection with the OPG program, Mattel recorded cumulative severance and other restructuring charges of approximately $132 million, which included approximately $5 million of non-cash charges.

filing / May 1, 2026 / receipt

million, partially offset by lower expenses related to inclined sleeper product recalls and related litigation of $18.3 million, realized savings from the OPG program of $13.2 million, and lower severance and restructuring charges of $4.9 million.

filing / May 1, 2026 / receipt

Bottom-line declined due to higher Advertising and Adjusted SG&A

ir_statement / Sep 16, 2026 / receipt

On plan to achieve target cost savings of $225M by end of 2026

ir_statement / Sep 16, 2026 / receipt

Targeting approximately $50M of efficiencies in 2026

ir_statement / Sep 16, 2026 / receipt

3-year program of ~$225M by end of 2026

ir_statement / Sep 15, 2026 / receipt