EarningsMattel reported 3Q adjusted EPS ahead of expectations due to benefits from supply chain efficiencies, cost savings, foreign exchange, and cost deflation.
Financial PerformanceThe risk/reward skews quite positively with a 2.75:1 bull/bear skew, and over 20% of the company's market cap is expected in cash at year-end while net leverage is less than 1.0x.
Growth StrategyMAT highlighted its initiatives in new entertainment verticals including film, digital gaming, television, and location-based entertainment (theme parks), which should accelerate long-term growth.