Mattel: Targeted Annual Gross Cost Savings From The Actions, Which Are Expected To Be Completed At The End Of 2024 Are About $21M; In 9 Months Of 2023, Executed Other Cost Savings Actions Not Included In Program To Streamline Its Organizational Structure
Portfolio Pulse from Benzinga Newsdesk
Mattel has announced plans to streamline its organizational structure, with the actions expected to be completed by the end of 2024. The company anticipates annual gross cost savings of about $21M from these actions. In addition, Mattel has executed other cost-saving actions in the first nine months of 2023 not included in this program.
November 09, 2023 | 5:52 pm
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Mattel's cost-saving actions and organizational streamlining are expected to result in annual gross savings of about $21M by the end of 2024. This could potentially improve the company's financial performance.
The cost-saving actions and organizational streamlining announced by Mattel are expected to result in significant annual savings, which could improve the company's bottom line and potentially boost its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100