Mattel, Inc. (NASDAQ: MAT)

This investigation is for anyone who acquired securities in Mattel, Inc. (NASDAQ: MAT) prior to February 10, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely update guidance.

On February 10, 2026, the Company reported fourth quarter full year 2025 results, including, among other things, that net sales fell -1% year over year, missing the Company’s prior guidance of 1%-3% growth, and adjusted operating income also fell to $620 million, missing the Company’s prior guidance of $700 million to $750 million. During the associated earnings call, management revealed “trade-related uncertainty led retailers to shift orders from the second and third quarters into the fourth quarter” but December results nonetheless “finished lower.” Management further explained that “in response, [the Company] took actions to manage owned inventory… which had a larger-than-expected impact on margins and profitability.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Mattel, Inc. (NASDAQ: MAT) prior to February 10, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.