Mattel lays off 70 employees amid continuing financial struggles [Los Angeles Times (CA)]
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: Los Angeles Times
Mattel lays off 70 employees amid continuing financial struggles Mattel Inc. laid off 70 employees earlier this month, according to a California Employment Development Department report. Mattel had 32,000 employees as of last December, according to its Security and Exchange Commission filings. The cuts, which were effective Dec. 8, come during a time of financial struggle for the El Segundo-based toymaker, whose brands include Barbie, Fisher-Price and Hot Wheels. The company has been looking into cost-saving measures since the third quarter of 2017. “Cost reduction and efficiency enhancing” plans for Mattel include outsourcing the production of certain brands, eliminating underperforming retail locations and prioritizing ad spending, according to securities filings. "These cost saving initiatives were identified through a systematic, company-wide process … and challenged all aspects of how Mattel does business,” Mattel said in its report. Mattel said in the filing its sal
Show less
Read more
Impact Snapshot
Event Time:
MAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MAT alerts
High impacting Mattel, Inc. news events
Weekly update
A roundup of the hottest topics
MAT
News
- The case of Fruity Pebbles: 'Stone-age' use does not guarantee trademark protection in colors [Reuters]Reuters
- Mattel to Bring Three Channels to Samsung TV PlusBusiness Wire
- Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [Yahoo! Finance]Yahoo! Finance
- Investors Reward Hasbro, Mattel For Cost Cuts, Inventory Reductions [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website