Mattel, Inc.: Diversified Product & Brand Strategy Powering Our Bullishness! 

Mattel, Inc. recently reported its third-quarter financial results for 2024, revealing both challenges and accomplishments that provide insights into its ongoing journey to strengthen its global presence and financial health. On the positive side, Mattel demonstrated resilience in a challenging market environment. Despite a 4% decrease in net sales from the previous year, the company managed to maintain its profitability, with adjusted EPS experiencing a 6% increase to $1.14. The company’s adjusted gross margin grew by 210 basis points to 53.1%, driven by supply chain optimizations and cost-saving measures. These efforts contributed to an adjusted EBITDA improvement of 1%, reaching $584 million.