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Mattel set for strong year despite Barbie hype dropoff - analyst
Proactive Investors· 2024-02-08 17:14
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Mattel (MAT) Q4 Earnings & Revenues Miss, Gross Billings Up Y/Y
Zacks Investment Research· 2024-02-08 16:16
Mattel, Inc. (MAT) reported fourth-quarter 2023 results, wherein earnings and revenues missed the Zacks Consensus Estimate. However, the top and bottom lines increased on a year-over-year basis.The company’s quarterly results reflect growth, driven by its diverse product offerings primarily in the North America segment. Success from the Barbie movie as well as notable progress in entertainment across film, television, digital and publishing bode well. However, this uptrend was partially offset by currency f ...
Mattel Appoints Christopher Farrell as Executive Vice President and Chief Strategy Officer
Businesswire· 2024-02-08 16:00
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that Christopher Farrell has joined the Company as Executive Vice President and Chief Strategy Officer, effective immediately. Mr. Farrell will lead strategic planning and corporate development for the Company, including identifying opportunities to accelerate growth and profitability and optimize business performance. He will report to Ynon Kreiz, Chairman and CEO of Mattel. Mr. Kreiz said: “Chris brings to Mattel a wealth of ...
玩具行业增速下滑 美泰(MAT.US)宣布多年成本节约计划
Zhi Tong Cai Jing· 2024-02-08 12:52
智通财经APP获悉,美泰(MAT.US)宣布了一项名为“优化盈利增长计划(Optimizing for Profitable Growth)”的多年成本节约计划。这家玩具公司表示,该计划旨在进一步提高效率和节省成本,主要是在公司的全球供应链中,包括其制造足迹。 值得一提的是,该计划整合并扩展了其他成本节约措施,其中包括此前在第三季度宣布的中国工厂停产,这些措施未包括在优化增长计划中。 美泰表示,预计从今年开始,将有针对性地节省年度总成本。到2026年,预计将节省2亿美元。该公司估计,与该计划相关的总成本将在1.3亿美元至1.7亿美元之间。该计划下的预期现金支出总额预计在1.3亿美元至1.65亿美元之间。 这家玩具巨头专注于削减成本的部分理由是对销售增长疲软的预期。首席执行官Ynon Kreiz在财报电话会议上指出:“我们预计玩具行业将在2024年下滑,不过降幅低于2023年。” 首席财务官Anthony DiSilvestro补充道:“预期的下降是由于(与玩具相关的)影院电影数量减少,以及消费者支出模式向体验和服务转变的影响,我们相信这将在今年有所缓和。” ...
Mattel(MAT) - 2023 Q4 - Earnings Call Transcript
2024-02-08 02:54
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 ...
Mattel (MAT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-02-08 02:01
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 ...
Mattel's Holiday Sales Boost Doesn't Make Up For A Tough Year
Forbes· 2024-02-07 23:54
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 ...
Mattel Targets D2C Opportunity as Barbie Fever Supercharges Doll Sales
PYMNTS· 2024-02-07 23:43
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) Q4 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-02-07 23:20
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 ...
Mattel announces cost cuts after fourth-quarter results miss expectations
Market Watch· 2024-02-07 21:38
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 ...