The Law Offices of Frank R. Cruz announces an investigation of Mattel, Inc. (“Mattel” or the “Company”) (NASDAQ: MAT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
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, shares fell $5.26, or 24.98%, to close at $15.90 on February 11, 2026, thereby injuring investors.