I keep checking here for some juicy, cringeworthy news from Mattel but nothing is forthcoming lately. What's up? NYTF is a month away, Jojo the dancing CFO is leaving in a few months and "visionary" CEO Ynot's contract is up in April. Things are happening, something's afoot! Somebody knows something, come on, spill the beans! Don't make me wait for the Q4 results on Feb 6, I'm tired of hearing how Jojo has been cooking the books every quarter to make Mattel just barely beat expectations. I'm betting Ynot & Jojo both scram in April with $20+ million each, leaving Mattel holding the bag of flaming p–p. They can just barely keep the economic facade up until then. Despite what sellout Kramer says, no one has fixed this company at all, they just gave it a combover.
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The s**t is about to hit the fan with absolutely nothing in the pipeline. An industry and company that is becoming more irrelevant by the day.
I have a hard time believing Mattel's sales could be down during the same year we launched Creatible World and Hot Wheels ID. When combined, the launched of those two product lines generated over 100 billion global media impressions, so yeah, I'm pretty sure Mattel's going to be just fine.
This lack of growth in the toy sector certainly does not bode well for Mattel and it's investors.
May God have mercy on us, as we walk through the valley of the shadow of death, may God's mighty rod and massive staff provide comfort and peace.
If you read between the lines, the Target report is even worse news for Mattel than it is for Hasbro and MGA, what with Hasbro pushing sales growth the the new Frozen film and MGA on fire with LOL, seems like the main reason sales were flat was pergaps due to major declines from Mattel brands. Only time will tell I guess.
They sell the company in May 2020.
Target admits to having flat Christmas toy sales. Can't wait to hear what Mattel's Q4 book-cookers & spin doctors will say on Feb 6! https://toybook.com/target-hits-a-holiday-bump-as-toys-come-up-flat/
Everyone has passed out from holding their breath for Q4 results.