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.
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.
Mattel, Inc. (NASDAQ: MAT) has expanded its PlayBack program to include Fisher-Price toys, allowing families to recycle and extend the life of their products. The initiative aims to recover materials from old toys and contribute to Mattel’s goal of achieving 100% recycled, recyclable, or bio-based plastic use by 2030. Launched in 2021, this program has been well-received and now includes popular brands like Laugh & Learn and Little People. Consumers can participate by sending old toys using a free shipping label provided on the Mattel PlayBack website.
American Girl, part of Mattel (NASDAQ: MAT), has reintroduced the beloved character Molly McIntire, a historical figure from the 1940s. Molly's return includes a premium 18-inch doll, original accessories, and a new selection of products designed to engage both nostalgic fans and new customers. The release is complemented by new content like the American Girl 10-Minute Mysteries podcast, featuring stories about Molly. Events and activities celebrating her comeback will take place in stores and online, enhancing customer engagement.
Mattel, Inc. (NASDAQ: MAT) announced that Chief Financial Officer Anthony DiSilvestro will take part in a fireside chat at the Stifel 2022 Cross Sector Insight Conference on Tuesday, June 7, 2022, at 10:20 p.m. Eastern time. The live webcast can be accessed through Mattel's Investor Relations website, with an archive available shortly after the event. Founded in 1945, Mattel is a global leader in toys, owning popular brands like Barbie and Hot Wheels, with products distributed in over 150 countries.
American Girl has launched the American Girl Podcast Network, expanding its storytelling capabilities through podcasts aimed at children and their families. The network begins with three shows: American Girl 10-Minute Mysteries, featuring bite-sized scripted content; American Girl Fan Club, providing behind-the-scenes insights; and The Smart Girls Podcast, focused on advice for tweens. This initiative supports the brand's digital evolution and enhances its community connections while tapping into a growing podcast market.
Mattel (NASDAQ: MAT) has launched a new product, WILD TWISTS™ PLAYING CARDS BY UNO®, marking its entry into the playing cards market. This deck includes classic games and special Wild Cards to enhance gameplay. Available for $2.99 at Target, this innovative deck allows fans to enjoy games like Poker and Go Fish with a unique UNO twist. The launch signifies Mattel's ongoing efforts to diversify the UNO brand, following expansions into online gameplay and collectibles. The UNO brand was celebrated for its 50th anniversary with various events, including the first UNO Championship Series.
Mattel, Inc. (NASDAQ: MAT) reported a robust first quarter of 2022 with net sales reaching $1,041 million, a 19% increase year-over-year. Operating income surged by 136% to $80 million, while adjusted EBITDA rose by 65% to $152 million. Despite a 70 basis points drop in gross margin to 46.4%, the company expects net sales growth of 8-10% for the year. Notably, American Girl's segment saw a 22% decline. Management remains optimistic, reiterating full-year guidance and 2023 goals reflecting continued growth across key categories.
Mattel (NASDAQ: MAT) aims to enhance its environmental strategy by committing to reduce plastic packaging by 25% per product by 2030. This initiative complements existing goals to achieve 100% recycled, recyclable, or bio-based plastic materials in products and packaging by 2030. The company reported progress across various ESG pillars, including sustainable design, responsible sourcing, and support for inclusive communities. Highlights include exceeding recycled content goals in packaging and reducing greenhouse gas emissions by 8% from 2019. The full details are in Mattel’s 2021 Citizenship Report.
Mattel, Inc. (NASDAQ: MAT) announced a collaboration with Warner Bros. Pictures and J.J. Abrams’ Bad Robot to produce a live-action film based on the iconic Hot Wheels brand. Set to showcase thrilling automotive action, the movie aims to appeal to fans across generations. Hot Wheels remains the top-selling toy globally, with over 8 billion vehicles sold. The project aligns with Mattel's focus on transforming its legendary franchises into cinematic experiences, including an upcoming Barbie film. Key figures from both companies will oversee production, enhancing the film's creative caliber.
Mattel (NASDAQ: MAT) has sent two Barbie dolls to space as part of Mission DreamStar, in collaboration with the International Space Station National Lab. This initiative aims to inspire girls to pursue careers in STEM, showcasing Barbie's 63-year legacy as a role model. The dolls will return this summer, later to be displayed at the Smithsonian's National Air and Space Museum. Additionally, a special You Can Be Anything™ episode will highlight women in space careers, further encouraging young girls to aim high.
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