Swot fisher price and global presence mattel

Imitations Strengths The company is in good financial position having dominated the toy industry over the years.

Swot fisher price and global presence mattel

Operator Good day, ladies and gentlemen and thank you for your patience. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. Operator Instructions As a reminder, this conference may be recorded.

I would now like to turn the call over to your host, Ms. Whitney Steininger with Investor Relations. Ma'am, you may begin. Whitney Steininger -- Investor Relations Thank you, operator and good afternoon everyone.

As you know, this afternoon, we reported Mattel's third quarter financial results. We will begin today's call with Ynon and Joe providing commentary on our results and then we will provide time for Ynon, Richard and Joe to take your questions. To help guide our discussion today, we have provided you with a slide presentation.

Our discussion and our slide presentation will reference non-GAAP financial measures such as gross sales; adjusted gross profit and adjusted gross margin; adjusted other selling and administrative expenses; adjusted operating income or loss; adjusted earnings or loss per share; earnings before interest, depreciation and amortization or EBITDA; adjusted EBITDA; and constant currency.

Our earnings release also includes non-GAAP financial measures. The information required by Regulation G regarding non-GAAP financial measures is included in our earnings release and slide presentation and both documents are available in the Investors section of our corporate website, corporate.

Before we begin, I'd like to remind you that certain statements made during the call may include forward-looking statements relating to the future performance of our business, brands and product lines. These statements are based on currently available information and they are subject to a number of significant risks and uncertainties that could cause our actual results to differ materially from those projected in the forward-looking statements.

We describe some of these uncertainties in the Risk Factors section of our annual report on Form K, our quarterly reports on Form Q, our earnings release and the presentation accompanying this call, in other filings we make with the SEC from time to time as well as in our other public statements.

Mattel does not update forward-looking statements and expressly disclaims any obligation to do so, except as required by law. Now, I'd like to turn the call over to Ynon.

BrandGuide

I'm happy to say we are on track with the execution of our strategy and have made meaningful progress toward restoring profitability as we transform Mattel into an IP-driven high-performing toy company.

Importantly, we have achieved profitability in the quarter as a result of savings realized from our Structural Simplification program as well as a net benefit related to Toys "R" Us bankruptcy accounting.

Swot fisher price and global presence mattel

These results were achieved in spite of increased inflation in the cost of raw materials and plant labor. We are proud to say that we recaptured the position of the number one global toy company in each of the last four months through September according to NPD. We continued to make tangible progress in reshaping our organization.

In addition, we are actively exploring strategic alternatives for our manufacturing footprint as we move toward a capital-light model, which could lead to additional efficiencies over time.

We also have taken meaningful steps to drive future growth. This includes the creation of a new theatrical film division and a global franchise management organization to capitalize on our iconic brands and IP. We saw particular strength in Barbie, Jurassic World and Games and are positioned well going into the holiday season.

In terms of performance by brand, in the third quarter, Barbie continued its strong momentum with growth across all regions.The Mattel Cabbage Patch dolls are not limited to cloth bodies and included dolls made from vinyl, which produced a more durable play doll.

Swot fisher price and global presence mattel

The Mattel dolls are mostly sized 14" or smaller, and most variants were individualized with a gimmick to enhance their collectibility, e.g. some dolls played on water-toys, swam, ate food, or brushed their.

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