Mattel Plunges After Slump Deepens, Leaving New CEO Scrambling [Bloomberg Business News]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Bloomberg Business News
Mattel Inc. tumbled as much as 28 percent after a surprisingly sharp sales decline, leaving new Chief Executive Officer Margo Georgiadis racing to overhaul the maker of Barbie and Fisher-Price. In the wake of the dismal results, which included a deeper net loss, Georgiadis vowed to increase the company’s cost-cutting plan threefold and suspend Mattel’s dividend. The payout to shareholders had already been slashed by about 60 percent earlier this year. The bankruptcy of Toys “R” Us Inc. torpedoed sales, especially in North America. And the company is still reeling from the loss of its Disney Princess franchise to Hasbro Inc. in recent years. Barbie, Mattel’s biggest product, also has been attempting a comeback -- with uneven results. “We’re completely reinventing Mattel and making the tough decisions necessary to jump-start growth and profitability,” Georgiadis said in an interview. “2017, in my view, is a reset year for Mattel. We will start to see the b
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News
- Barbie craze extends to summer grilling with Heinz Classic "Barbiecue" Sauce [CBS News]CBS News
- Heinz is bringing out hot pink ‘Barbiecue' sauce after Facebook post gauging interest exploded. ‘One fan even told us they'd dye their hair pink if we brought [it] to life' [Fortune]it
- Heinz Hot Pink ‘Barbiecue' Sauce Is Coming to Grills This Month [BNN Bloomberg (Canada)]BNN Bloomberg
- Lego is cashing in big time on its adult fan base, doubling its revenue in the last decade [Business Insider]Business Insider
- New Monopoly movie from ‘Barbie' producers will bring a ‘clear point of view,' studio says [FOX News]FOX News
MAT
Earnings
- 2/7/24 - Miss
MAT
Sec Filings
- 4/8/24 - Form 144
- 3/22/24 - Form 8-K
- 3/15/24 - Form 10-K
- MAT's page on the SEC website