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MAT - Mattel: Solid Way To End FY23 Remain Positive On Outlook
Mattel Inc.
2024-02-21 01:06:09 ET
Summary
Mattel's recent results show revenue growth of 16% and adjusted EBITDA growth of 54% in 2023, with potential for upside surprises due to product innovation and licensed entertainment offerings.
The company has made significant progress in reducing inventory levels and has exceeded cost-saving goals, leading to expectations of structural margin expansion.