Investors Caught Unawares by Mattel Earnings Miss, Guidance -- Market Talk

Dow Jones
Feb 11

1127 GMT - Trust in toy maker Mattel is strained because of poor expectation management, Jefferies analyst Kylie Cohu writes. Shares in the company fall 30% premarket after holiday sales landed short of what the company had guided. The company issued lower-than-expected profit guidance for 2026 while increasing the amount it invests. "We believe the Street was not positioned for a sizable miss or heavier investment," Cohu says. The California company's outlook remains bright if it can successfully execute a shift to more digital and entertainment products, Cohu adds. "Despite shaken trust post‑earnings, [the company's] valuation ... remains reasonable," Cohu says. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

February 11, 2026 06:28 ET (11:28 GMT)

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