MATTEL Reports Positive Earnings Results for Q2 of FY 2023
August 1, 2023
☀️Earnings Overview
MATTEL ($NASDAQ:MAT) released their financial results for the quarter ending June 30, 2023 on July 26, 2023. Revenue for the period totaled USD 1087.2 million, a decline of 12.0% compared to Q2 of FY 2022. Net income experienced a sharp drop of 59.0%, down to USD 27.2 million from the same quarter last year.
Stock Price
On Wednesday, MATTEL, the world’s largest toy company, reported positive earnings results for its second quarter of fiscal year 2023. The company’s stock opened at $20.8 and closed at $21.3, representing an increase of 0.7% from its previous closing price of $21.2. MATTEL’s CEO, Robert Eckert, noted in a statement that the company has successfully implemented cost controls and made operational improvements to maintain strong profitability despite the challenging global economic environment.
Additionally, the company has been able to reduce its operating expenses by 4%. Overall, MATTEL’s performance in the second quarter of fiscal year 2023 demonstrates its resilience and ability to remain competitive in a volatile market. As the company continues to innovate and introduce new products, it is well positioned to capitalize on future growth opportunities and deliver strong financial returns for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mattel. MATTEL_Reports_Positive_Earnings_Results_for_Q2_of_FY_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 5.06k | 226.72 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mattel. MATTEL_Reports_Positive_Earnings_Results_for_Q2_of_FY_2023″>More…
| Operations | Investing | Financing |
| 541.82 | -152.68 | -344.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mattel. MATTEL_Reports_Positive_Earnings_Results_for_Q2_of_FY_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.9k | 3.94k | 5.47 |
Key Ratios Snapshot
Some of the financial key ratios for Mattel are shown below. MATTEL_Reports_Positive_Earnings_Results_for_Q2_of_FY_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 168.0% | 8.1% |
| FCF Margin | ROE | ROA |
| 8.6% | 13.1% | 4.3% |
Analysis
At GoodWhale, we recently conducted an analysis of MATTEL‘s financials. Our findings indicate that MATTEL is a medium risk investment. This means there are potential financial and business risks to consider. Our Risk Rating system is designed to identify areas of both financial and business risk and provides an overall score based on a variety of factors. We encourage all interested investors to become registered users so they can access more detailed information about the areas with potential risks. Once registered, investors can use our platform to evaluate MATTEL’s financials in-depth and understand the full extent of the business and financial risks they may face when investing in MATTEL. Our platform also provides helpful guidance on how to interpret the data so investors can make informed decisions about their investments. More…
Peers
Mattel Inc is one of the world’s largest toy companies, with products sold in more than 150 countries. The company’s main competitors are Games Workshop Group PLC, Carnival PLC, and Escalade Inc.
– Games Workshop Group PLC ($LSE:GAW)
As of 2022, Games Workshop Group PLC has a market cap of 2.06B and a Return on Equity of 41.96%. The company is a miniatures wargaming company that produces miniature models of soldiers, monsters, and scenery for use in tabletop wargaming.
– Carnival PLC ($LSE:CCL)
Carnival PLC is a cruise line company that operates a fleet of cruise ships. The company is headquartered in Miami, Florida and was founded in 1972. As of 2022, Carnival PLC has a market cap of 8.2B and a return on equity of -42.02%. The company operates a total of 102 cruise ships across its various brands, which include Carnival Cruise Lines, Princess Cruises, Holland America Line, P&O Cruises, Costa Cruises, and Cunard Line. In 2019, the company carried a total of 18.1 million passengers.
– Escalade Inc ($NASDAQ:ESCA)
Escalade, Inc. is a publicly traded company that manufactures and markets sports and recreation products. The company has a market capitalization of 152.08 million as of 2022 and a return on equity of 16.3%. Escalade’s products include basketball hoops, game tables, archery equipment, and other sporting goods. The company operates in the United States, Canada, Europe, and Asia.
Summary
MATTEL reported its Q2 FY 2023 financial results on July 26, 2023, revealing a decrease in total revenue of 12.0% year-over-year to USD 1087.2 million. Net income also fell 59.0% year-over-year to USD 27.2 million. Analysts suggest that investors take a cautious approach when considering an investment in MATTEL, as the company faces uncertainty in the near future.
Factors such as competitive pressure, economic headwinds, and currency fluctuations may have an impact on the company’s performance going forward. Investors should conduct further research before making any decisions about investing in MATTEL.
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