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Stock impact report

Mattel CEO is Looking For a Much Needed “Big Win” this Holiday Season [Fortune]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Fortune
By Susie Gharib 5:46 PM EST This is a high stakes time for Mattel’s new chief executive Margo Georgiadis. The veteran Google executive, who took the CEO job in January, says she is counting on her first holiday season at the toymaker to be a “great” one. She needs a big win, especially now, as she is fighting off a takeover offer from rival Hasbro. Reportedly, Georgiadis has turned down the opening bid. Christmas holiday sales are always a make or break time for retailers, and for Mattel it is crucial, because the company is in a financial crunch. Its latest quarterly report revealed a drop in revenues and big losses, forcing Geogiadis to cut the dividend. The bankruptcy filing by Toys “R” Us in September is also weighing on the company. On top of that, Mattel’s stock has tumbled about 40 percent so far this year. Bu Show less Read more
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