Mattel, Inc. - MAT STOCK NEWS

Mattel has partnered with Save the Children to support rural education programs in the U.S. From August 28 to October 1, shoppers purchasing select Barbie, Matchbox, and Little People items at Target will contribute to these programs, with Mattel donating a portion of sales, up to $150K. This initiative marks the first retail branding of Mattel's Play It Forward program, which has previously donated nearly $21 million since 2005. The collaboration aims to improve literacy, numeracy, and emotional skills for children in need.

Mattel, Inc. (NASDAQ: MAT) reported strong second quarter 2022 results, with net sales reaching $1,236 million, a 20% increase year-over-year. The company’s reported operating income jumped to $125 million, up 155%, while reported net income was $66 million, improving significantly. Despite a decrease in gross margin to 44.4%, Mattel reiterated its 2022 guidance for net sales and adjusted EPS. The firm's strong portfolio and partnerships are expected to boost performance in the second half of the year.

Mattel (NASDAQ: MAT) has announced a multi-year partnership with SpaceX to create and market space-themed toys and collectibles. Beginning in 2023, the collaboration will introduce SpaceX-inspired products under the Matchbox brand and on Mattel Creations, the company's direct-to-consumer platform. This initiative aims to inspire children and collectors, fostering an interest in space exploration.

Mattel's SVP of Entertainment Partnerships, Nick Karamanos, expressed enthusiasm for creating engaging products that celebrate cultural moments, while SpaceX's VP, Brian Bjelde, highlighted the project's potential to motivate future space explorers.

Mattel (NASDAQ: MAT) and Skydance Media have partnered to develop a live-action film based on Mattel's iconic Matchbox die-cast toy vehicles. The project aims to capture the imaginative spirit of the brand, which has a rich history and cultural significance, having sold one car every second since its inception in 1953. Robbie Brenner, an Executive Producer at Mattel Films, is excited about the collaboration, while David Coggeshall has been chosen to write the screenplay. This film is part of a broader slate that includes several other franchises by Mattel.

Mattel (NASDAQ: MAT) has unveiled new sustainable Barbie products, including the Dr. Jane Goodall Inspiring Women Doll and the 2022 Barbie Career of the Year Eco-Leadership Team. These dolls are made from recycled ocean-bound plastic and certified CarbonNeutral. The launch coincides with World Chimpanzee Day on July 14 and celebrates Dr. Goodall's contributions to conservation. This initiative aligns with Mattel's goal to achieve 100% recycled, recyclable, or bio-based plastic in products by 2030.

Mattel, Inc. (NASDAQ: MAT) will announce its Q2 2022 financial results on July 21, 2022, at approximately 4:05 p.m. Eastern Time. Following this announcement, a conference call webcast will take place at 5:00 p.m. Eastern Time. The webcast and supporting materials will be accessible via Mattel's Investor Relations website.

Investors are encouraged to log on 10 minutes early to ensure proper setup. An archive of the event will be available for 12 months.

Mattel, Nickelodeon, and Paramount+ announced the premiere of Monster High: The Movie, set for October 6, 2022, at 7 p.m. ET/PT. The live-action musical, rooted in the beloved franchise, follows Clawdeen Wolf as she navigates her identity at Monster High. The movie highlights themes of self-acceptance and friendship, featuring a cast including Miia Harris and Ceci Balagot. Following the film, an animated series based on the franchise will launch this year. The film aims to resonate with a new generation while fostering inclusivity.

Mattel, Inc. (NASDAQ: MAT) has appointed Josh Silverman as the Global Head of Consumer Products and Chief Franchise Officer, effective September 1, 2022. Silverman joins from The Walt Disney Company, where he held senior roles in their consumer products division. He will oversee global consumer products licensing, franchise management, and retail development at Mattel. Richard Dickson, Mattel’s President, emphasized Silverman’s extensive experience and leadership potential, citing opportunities to leverage Mattel's rich portfolio of intellectual property (IP) for future growth.