Mattel, Inc. (NASDAQ:MAT) Q4 2023 Earnings Conference Call February 7, 2024 5:00 PM ET Company Participants David Zbojniewicz - Head of IR Ynon Kreiz - Chairman and CEO Anthony DiSilvestro - CFO Conference Call Participants James Hardiman - Citi Eric Handler - ROTH MKM Linda Bolton Weiser - D.A. Davidson Arpine Kocharyan - UBS Jim Chartier - Monness, Crespi, Hardt Stephen Laszczyk - Goldman Sachs Christopher Horvers - JPMorgan Megan Alexander - Morgan Stanley Drew Crum - Stifel Operator Ladies and gentlemen ...

For the quarter ended December 2023, Mattel (MAT) reported revenue of $1.62 billion, up 15.6% over the same period last year. EPS came in at $0.29, compared to $0.18 in the year-ago quarter.The reported revenue represents a surprise of -2.18% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.30, the EPS surprise was -3.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

A boost from the Barbie movie wasn't enough to keep Mattel's full year sales from coming in flat ... [+] compared to the previous year. (Photo by AaronP/Bauer-Griffin/GC Images)GC ImagesA holiday boost in toy sales wasn’t enough to make up for sales declines during the rest of the year, leaving Mattel MAT to end 2023 with full-year net sales down 1% in constant currency, compared to 2022.The toymaker today reported fourth quarter net sales of $1.621 billion, up 16% (14% in constant currency) compared to the ...

It has been a good year for Mattel, and the toy giant is looking to capitalize on the recent surge in enthusiasm to drive digital and direct-to-consumer (D2C) sales.In a presentation shared with analysts Wednesday (Feb. 7) accompanying the company’s fourth quarter and full-year 2023 earnings report, Mattel shared that it benefitted significantly from the popularity of the Barbie movie, noting that the iconic toy became the best-selling doll property around the world and the second-most popular toy property ...

Mattel (MAT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.33%. A quarter ago, it was expected that this toy maker would post earnings of $0.87 per share when it actually produced earnings of $1.08, delivering a surprise of 24.14%.Over the last four quarters, the company has surp ...

Toy maker Mattel Inc. on Wednesday reported fourth-quarter results that missed expectations, and the company said it planned to cut costs this year while continuing to buy back stock. The cost cuts would follow layoffs by rival Hasbro Inc. HAS, +1.34% amid a slowdown in demand for toys. They also come as other companies over the past several weeks have announced layoffs and plans to tighten up expenses, as investors seek out bigger profit margins. Shares of Mattel MAT, +1.57% were up 1.5% after hours. “Look ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that Julius Genachowski and Dawn Ostroff have joined the Company’s Board of Directors, effective February 5, 2024. The new Directors bring extensive combined experience in media, entertainment, and technology, and expertise in finance, M&A, and government regulation, which will help further Mattel’s strategy to grow its IP-driven toy business and expand its entertainment offering. Mr. Genachowski brings to Mattel extensive ex ...

American Girl and Disney collaborate on a new 18-inch doll collection for the popular Disney Princess and Disney Frozen franchises, with fan favorites Ariel, Tiana, and Cinderella first to join the magical lineup in Spring 2024 (Photo: Business Wire)American Girl and Disney collaborate on a new 18-inch doll collection for the popular Disney Princess and Disney Frozen franchises, with fan favorites Ariel, Tiana, and Cinderella first to join the magical lineup in Spring 2024 (Photo: Business Wire)MIDDLETON, W ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that Barbie, Stacie and friends are returning for an all-new journey in Barbie and Stacie to the Rescue. Coming to Netflix March 14, the hour-long special will follow Barbie’s middle sister, Stacie, as she quickly comes to the rescue of Barbie and Skipper. Barbie and Stacie to the Rescue marks the first time Stacie plays a lead role in Barbie content and includes five new original songs, new friends, and more puppies than ever. ...

Mattel, Inc. (MAT) is scheduled to report fourth-quarter 2023 results on Feb 7, 2024, after the closing bell. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 24.1%.The Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has remained unchanged at 32 cents in the past seven days. The estimated figure indicates a 77.8% increase from 18 cents reported in the year-ago quarter. For revenues, the consensus mark is p ...