Mattel, Inc. (NASDAQ:MAT) Q4 2022 Earnings Call Transcript

Operator: This concludes the question-and-answer session for today’s call. I would now like to turn the call back over to Chairman and CEO, Ynon Kreiz, for final remarks.

Ynon Kreiz: Thank you, operator, and thank you, everyone, for joining us today. Just to recap a few words. Despite the challenges in the fourth quarter, the full year results tell a more complete story in the context of our multiyear growth trajectory. As you can see, in positive POS for both the quarter and the year, and positive POS in every region for the quarter and the year, our product is in demand, and we ended the year on strong financial footing with a stronger balance sheet, lower leverage ratio, better leverage ratio. And as we see it in the strongest financial position we’ve been in years. We are confident about our plans and look forward to next year. I also want to thank the entire Mattel global team for doing such a great job in a challenging environment and for the contribution in 2022, an ongoing commitment to executing our strategy.

We hope everyone will join us on the Virtual Investors Presentation in March. Thank you again for joining us. We will share more information on that call soon. Appreciate your interest in the company. And now back to Dave.

David Zbojniewicz: Thank you, Ynon, and thank you, everyone, for joining the call today. A replay of this call will be available via webcast beginning at 8:30 PM Eastern Time today. The webcast link can be found in the Events and Presentations section of our Investors section of our corporate website, corporate.mattel.com. Thank you for participating in today’s call.

Operator: Ladies and gentlemen, again, thank you for your participation in today’s event. This concludes today’s call. You may now disconnect.