Tepid 2019 Outlook Weighs on Mattel's Turnaround, With Top-Line Growth Pushed Into 2020
While the messaging surrounding narrow-moat Mattel’s structural simplification plan and the monetization of its robust IP offerings hasn’t changed, the cadence of improvement appears to be slower than investors had hoped for, sending shares tumbling nearly 20% after its investor meeting on Feb. 15. We remind investors that shares have risen almost 40% year to date even after its drop while undertaking a multi-year turnaround under a new management and operating structure. Mattel’s resurrection h...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.
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