MATTEL Reports Second Quarter of FY2023 Earnings Results on July 26
July 29, 2023
🌥️Earnings Overview
MATTEL ($NASDAQ:MAT) announced its earnings for the second quarter of FY2023 (ending June 30 2023) on July 26 2023, with total revenue at USD 1087.2 million, a decrease of 12.0% from the same period the previous year. Net income for the quarter was USD 27.2 million, representing a sharp drop of 59.0% year over year.
Market Price
The company opened the stock at $20.8 and closed at $21.3, up by 0.7% from the prior closing price of 21.2. The impressive quarterly earnings report from MATTEL was credited to their strong performance in the dolls and action companies, as well as their presence in emerging markets. The company also reported a higher-than-expected revenue for the quarter, which is an encouraging sign for the company’s long-term growth.
MATTEL’s share price could continue to increase with the positive news, providing investors with a good opportunity to invest in the company. Furthermore, the momentum of the stock could also be sustained if MATTEL continues to bring in strong earnings and remain competitive in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mattel. 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. 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. 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. 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 have conducted a review of MATTEL‘s fundamentals and determined that they present a medium risk investment. When assessing the potential risks associated with investing in a company, we analyse the financial and business aspects of the company. In the case of MATTEL, there are several areas we believe to present potential risks. For more detailed information on these areas, we invite you to become a registered user on GoodWhale to access our comprehensive risk ratings. With these ratings, you can better understand where MATTEL may pose risks for investors. We will provide you with the necessary information to make an informed decision about investing in the company. 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, Inc. reported its second quarter earnings for FY2023 ending June 30, 2023, with total revenue dropping 12.0% to USD 1087.2 million compared to the same period in FY2022. Net income also declined 59.0% to USD 27.2 million year-over-year. Investors should take this report into consideration when making decisions about MATTEL stocks, as these financial results could signal a shift in the company’s performance. Analysts should carefully review all of the data from the report and its related financial statements to gain a better understanding of MATTEL’s financial health and outlook.
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