Securities Fraud Investigation Into Mattel, Inc. (MAT) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES--(BUSINESS WIRE)--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.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON MATTEL (MAT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

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.

Contact Us To Participate or Learn More:

If you purchased Mattel securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz
2121 Avenue of the Stars, Suite 800
Century City, California 90067
Call us at: 310-914-5007
Email us at: [e-mail]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.