Welcome to our dedicated page for Mattel news (Ticker: MAT), a resource for investors and traders seeking the latest updates and insights on Mattel stock.
Mattel, Inc. (symbol: MAT) is a leading global toy company that inspires the wonder of childhood and aims to be the recognized leader in play, learning, and development worldwide. Their diverse portfolio includes iconic brands like American Girl®, Barbie®, Fisher-Price®, Hot Wheels®, Monster High®, and Thomas & Friends®. Mattel collaborates with top entertainment and technology companies to create a wide range of products that cater to children and families.
Headquartered in El Segundo, California, Mattel operates in approximately 40 countries and territories and markets its products in more than 150 nations. Their global workforce of around 31,000 employees plays a vital role in maintaining the company's competitive edge.
Mattel markets toy products to both wholesale customers and retail consumers. Their offerings include toys for infants and preschoolers, youth electronics, hand-held and other games, puzzles, educational toys, and plush and fashion-related toys. With a strong manufacturing capability, Mattel produces its toys both internally and through various manufacturing partners.
Financially, Mattel generates over 50% of its net sales from North America, with the rest coming from international markets. The company has recently achieved significant milestones, including strategic partnerships, new product launches, and initiatives focused on sustainability and innovation. These achievements are indicative of Mattel's commitment to growth and its pivotal role in the toy industry.
For more information, visit www.mattel.com.
American Girl, a part of Mattel's portfolio, introduces its first-ever set of twin characters, Isabel and Nicki Hoffman, from the 1990s. Set in Seattle in 1999, their stories capture the essence of the tech boom, music, and fashion trends of the era. Isabel is bubbly and extroverted, while Nicki is thoughtful and introverted. Accompanying them are themed dolls, accessories, and a product collection reflecting 90s nostalgia. The launch includes a full-length novel and collaboration with the nonprofit Girls Who Code. Their product line is available from February 22, 2023, in various retail locations and online.
Mattel, Inc. (NASDAQ: MAT) will host a Virtual Investor Presentation on March 8, 2023, at 10:00 a.m. EST, to provide a strategic business update and outline its plans for the year. The event will be streamed via Mattel's Investor Relations website, with an archive available post-presentation. As a leading global toy company, Mattel boasts a strong portfolio of iconic brands such as Barbie®, Hot Wheels®, and Fisher-Price®, engaging consumers through various products and family entertainment franchises. The company operates in 35 locations and provides its offerings in over 150 countries, supporting the development of children through play.
Mattel, Inc. (NASDAQ: MAT) has announced the relaunch of the iconic Barney brand, which will include new TV and film content, toys, music, and apparel. The revitalization aims to introduce Barney to a new generation while tapping into the nostalgia of previous fans. A new animated series for preschoolers is set to debut globally in 2024, co-produced with Nelvana. This move reflects Mattel's strategy to leverage its extensive intellectual property portfolio, having successfully revived properties like Monster High and Masters of the Universe recently. The company aims to inspire children with Barney's timeless message of love and kindness.
Mattel reported a challenging fourth quarter and full year 2022, with net sales of $1,402 million, down 22% from the previous year. Gross margin slipped to 43.0%, a 630 basis point decrease. Operating income fell to $79 million, a drop of $178 million. For the full year, net sales remained flat at $5,435 million, with adjusted EPS of $1.25, down from $1.30. Despite these challenges, Mattel announced a 2023 guidance with expected net sales of $5,435 million, an adjusted gross margin of approximately 47%, and plans to resume share repurchases with $200 million available. CFO Anthony DiSilvestro noted market share gains despite headwinds.
Mattel (NASDAQ: MAT) has announced the pre-order availability of Hot Wheels: Rift Rally, a new mixed-reality racing game set to release on March 14, 2023. The game utilizes Velan Studios' patented RC mixed reality technology, allowing players to blend physical play with digital racing experiences. The Chameleon RC car features over 140 variations of Hot Wheels vehicles such as Twin Mill™ and Bone Shaker™. Pre-order prices start at $129.99 for the Standard Edition and $149.99 for the Collector’s Edition, which includes exclusive items. The game aims to create a unique racing experience for fans, focusing on creative play.
Mattel, Inc. (NASDAQ: MAT) has partnered with Minecraft to launch Camp Enderwood, a new downloadable content (DLC) map for players. This immersive experience features various characters and unique mini-games available for free on the Minecraft Marketplace. The launch coincides with a new toy line representing characters from the DLC, offering exclusive in-game items through unique codes. The partnership aims to connect the physical and digital realms, reflecting diversity in character design. The new toys will debut in spring and summer 2023, enhancing fan engagement with both branded products and gameplay.
Fisher-Price has launched an exclusive Little People Collector™ Super Bowl LVII Champions set, allowing fans to pre-order commemorative figures representing NFL players from the Kansas City Chiefs and Philadelphia Eagles. The set features three NFL players and a super fan, available for $30. Pre-orders are open until February 21st, with fulfillment starting in August. Only orders for the winning team will be fulfilled, while opposing team orders will be refunded. The initiative aims to celebrate Super Bowl victories, enhancing Mattel's engagement with fans and collectors.
Mattel, Inc. (NASDAQ: MAT) will release its fourth quarter and full year 2022 financial results on February 8, 2023, at approximately 4:05 p.m. Eastern Time. Following the release, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time. Interested parties can access the webcast and slides through the Investor Relations section of their website. An archive of the webcast will be available for 12 months. Key financial information required by Regulation G will also be provided during the webcast.
American Girl, part of the Mattel portfolio, has unveiled its 2023 Girl of the Year, Kavi Sharma, who embodies courage and creativity. Kavi, from New Jersey, has a passion for performing arts and is designed to inspire young readers. The character’s story, authored by Varsha Bajaj, incorporates Indian cultural elements and will be featured in both a journal and a hardcover book. To promote performing arts among youth, American Girl is partnering with Camp Broadway, donating $25,000 for scholarships. Kavi's doll and associated products launched on December 29, 2022, are available online and in stores.
Maserati has unveiled an ultra-limited edition of its Grecale SUV in partnership with Mattel's Barbie, designed to reflect the bold and glamorous style of both brands. This bespoke version, part of the Fuoriserie customization program, features a powerful 530-hp V6 engine and is adorned with iconic Barbie pink and yellow accents. Limited to just two units globally, the first was showcased at the Neiman Marcus Fantasy Gifts event in Los Angeles. A portion of the sales will benefit the Barbie Dream Gap Project, running through March 31, 2023.
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