On 13 March 2020, Mattel, Inc. (NASDAQ: MAT) stock identified change of 17.52% away from 52-week low price and recently located move of -44.52% off 52-week high price. It has market worth of $3242M. MAT stock has been recorded -37.96% away from 50 day moving average and -31.11% away from 200 day moving average. Moving closer, we can see that shares have been trading -30.71% off 20-day moving average.

Mattel, Inc. (MAT) recently stated full year and fourth quarter 2019 financial results.

Full Year 2019

Net Sales in the North America section were flat as stated and in constant currency, versus the previous year.

Gross Sales in the North America section were flat as stated, and up 1% in constant currency, primarily driven by growth in Vehicles (including Hot Wheels® partially offset by lower sales of Jurassic World® and CARS® vehicles), Dolls (including Barbie® partially offset by lower sales of Enchantimals™) and Action Figures, Building Sets and Games (including Toy Story 4 and MEGA™ partially offset by lower sales of Jurassic World). This growth was partially offset by a decline in Infant, Toddler and Preschool (including Fisher-Price Friends, and Power Wheels®).

Net Sales in the International section increased 3% as stated, and 7% in constant currency.

Gross Sales in the International section increased 2% as stated and 6% in constant currency, driven by growth in Dolls (including Barbie and Polly Pocket®), Vehicles (including Hot Wheels partially offset by lower sales of CARS and Jurassic World vehicles), and Action Figures, Building Sets and Games (including Toy Story 4 partially offset by lower sales of Jurassic World). This growth was partially offset by a decline in Infant, Toddler and Preschool (including Fisher-Price and Thomas & Friends®, and Fisher-Price Friends).

Net Sales in the American Girl® section reduced by 21% as stated, and in constant currency. Gross Sales in the American Girl section reduced by 21% as stated, and in constant currency, primarily driven by lower sales in retail stores.

Stated Gross Margin increased to 44.0%, versus 39.8% in the previous year, and Adjusted Gross Margin increased to 44.9%, versus 40.1%. The increase in Stated and Adjusted Gross Margin was primarily driven by savings from our Structural Simplification program.

Stated Other Selling and Administrative Expenses reduced by $118.7M, or 8%, to $1,390.0M. Adjusted Other Selling and Administrative Expenses reduced by $85.6M, or 6%, to $1,313.4M. The decrease in Stated and Adjusted Other Selling and Administrative Expenses was primarily driven by savings from our Structural Simplification program.

For the twelve months ended December 31, 2019, Cash Flows provided by Operating Activities improved by $208M to $181M, primarily driven by a lower net loss, not including the impact of non-cash charges. Cash Flows Used for Investing Activities reduced by $47M to $114M, primarily driven by lower capital spending. Cash Flows Used for Financing Activities and Other reduced by $266M to $31M, primarily driven by net repayments of long-term borrowings of $278M in 2018.

Fourth Quarter 2019

Net Sales in the North America section reduced 3% as stated and in constant currency, versus the previous year’s fourth quarter.

Gross Sales in the North America section reduced 1% as stated, and in constant currency, primarily driven by a decline in Dolls (including Barbie and owned brands) and Infant, Toddler and Preschool (including Fisher-Price Friends, and Fisher-Price and Thomas & Friends). This was partially offset by growth in Vehicles (including Hot Wheels partially offset by lower sales of CARS and Jurassic World vehicles), and Action Figures, Building Sets and Games (including Toy Story 4 and UNO® partially offset by lower sales of Jurassic World).

Net Sales in the International section were flat as stated, and up 1% in constant currency.

Gross Sales in the International section reduced 1% as stated and were flat in constant currency, driven by a decline in Infant, Toddler and Preschool (including Fisher-Price Friends, and Fisher-Price and Thomas & Friends) and Vehicles (including CARS and Jurassic World vehicles partially offset by growth in Hot Wheels). The decrease was partially offset by growth in Dolls (including Barbie partially offset by owned brands), and Action Figures, Building Sets and Games (including Toy Story 4 partially offset by lower sales of Jurassic World).

Net Sales in the American Girl section reduced by 20% as stated, and in constant currency. Gross Sales in the American Girl section reduced by 19% as stated, and in constant currency, primarily driven by lower sales in retail stores.

Stated Gross Margin increased to 48.4%, versus 46.6% in the previous year’s fourth quarter, and Adjusted Gross Margin increased to 48.9%, versus 46.6%. The increase in Stated and Adjusted Gross Margin was primarily driven by savings from our Structural Simplification program.

Stated Other Selling and Administrative Expenses increased by $20.2M, or 5%, to $418.4M. Adjusted Other Selling and Administrative Expenses reduced by $8.5M, or 2%, to $383.8M. The increase in Stated Other Selling and Administrative Expenses was primarily driven by asset impairment expenses partially offset by savings from our Structural Simplification program. The decrease in Adjusted Other Selling and Administrative Expenses was primarily driven by savings from our Structural Simplification program.

Ynon Kreiz, Chairman and CEO, Mattel stated: “2019 was an important inflection point in our turnabout. We stabilized our topline after five consecutive years of revenue decline, continued to importantly improve profitability, and achieved positive operating cash flow and positive free cash flow for the first time in three years. We are very encouraged by the consistent progress the company is making and expect to continue to build on this momentum. We remain focused on the execution of our multi-year turnabout strategy to transform Mattel into an IP-driven, high-performing toy company and create long term shareholder value.”

Mattel, Inc. noticed change of 4.43% to $8.25 along volume of 14448538 shares in recent session compared to an average volume of 5652.52K. MAT’s shares are at -32.60% for the quarter and driving a -42.95% return over the course of the past year and is now at -39.11% since this point in 2018.

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