Mattel stock plunges after holiday sales disappoint [Los Angeles Times (CA)]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Los Angeles Times
Mattel stock plunges after holiday sales disappoint Shares of Mattel Inc. plunged nearly 18% on Thursday after the toy maker reported disappointing holiday sales. Chief Executive Christopher Sinclair acknowledged that it was a “very difficult quarter” for Mattel. The El Segundo company’s fourth-quarter results, which it posted after financial markets closed Wednesday, fell well short of Wall Street expectations. In a call with analysts, Sinclair cited a “significant decline in industry sales growth,” particularly in the U.S., among factors weighing on Mattel’s numbers. Sinclair’s days at the company’s helm are numbered: Google executive Margaret Georgiadis is taking over as CEO on Feb. 8. Sinclair noted Georgiadis’ tech background as a major plus for the company as toymakers increasingly try to attract digital-savvy children. “We've made some investments in technology,” he said in the call. “We're kind of working our way into it, but I think she can help us prioritize, str
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MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- MAT's page on the SEC website