Report
Jaime Katz
EUR 101.80 For Business Accounts Only

Mattel's management initiatives could take time to bear fruit, but equity remains for core brands.

Narrow-moat Mattel appears to have emerged from its overhang of holiday inventory, and we think near-term risk of incremental obsolescence should be behind the firm. However, we think it will take a few quarters before the strategy CEO Margo Georgiadis unveiled at the company’s investor day in June bears fruit leading to operating margin expansion. Second-quarter top-line growth was largely in line with our outlook (which called for a 3% increase), up 2%, helped by a 10% increase in Mattel Boys ...
Underlying
Mattel Inc.

Mattel is a global children's entertainment company that engages in the design and production of toys and consumer products. The company's portfolio of owned and licensed brands and products are organized into the following categories: Dolls, which include brands such as Barbie, American Girl, Enchantimals, and Polly Pocket; Infant, Toddler, and Preschool, which include brands such as Fisher-Price and Thomas & Friends, Power Wheels, Fireman Sam, and Shimmer and Shine (Nickelodeon); Vehicles, which include brands such as Hot Wheels, Matchbox, CARS (Disney Pixar), and Jurassic World (NBCUniversal); Action Figures, Building Sets, and Games, which include brands such as MEGA, UNO and WWE.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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