Mattel, Inc.:  Initiation of Coverage – Is Its Strategic Turnaround Working Out Well For Shareholders?

This is our first report on children’s entertainment giant, Mattel, Inc. The company’s fourth-quarter 2023 and full-year earnings call reveal that the company has successfully navigated a challenging year. Despite global toy industry declines and retail inventory headwinds, Mattel achieved significant market share gains, meaningful sales growth, and margin expansion. In particular, Mattel’s Barbie, Hot Wheels, and Fisher-Price brands stood out as strong performers.