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) will release its first quarter 2022 financial results on April 27, 2022, at 4:05 p.m. Eastern Time. A conference call and webcast will follow at 5:00 p.m. Eastern Time. Investors can access the live call via Mattel’s Investor Relations website. An archive of the webcast will be available for 90 days after the event, starting approximately two hours post-call. A telephonic replay will be available until May 4, 2022, using passcode 3845555.
For more details, visit the company site.
Mattel (NASDAQ: MAT) has unveiled the Hot Wheels® 1:64-scale die-cast model of the 1969 Volvo P1800 Gasser, a winner from the 2021 Hot Wheels Legends™ Tour, at a global event in New York City. This model, built by UK’s Lee Johnstone, will be sold in over 150 countries. The fifth Legends Tour kicks off on April 14, 2022, with events set in multiple locations. The Hot Wheels brand continues to engage car enthusiasts through competitions and collaborations, celebrating its cultural impact over more than half a century.
Mattel, Inc. (NASDAQ: MAT) has appointed Steve Totzke as the new President and Chief Commercial Officer, a role he will undertake as the company aims to strengthen its market leadership and enhance commercial capabilities. Since his leadership began in 2018, Totzke has been pivotal in driving global growth and developing Mattel's e-commerce strategies. The company reported a 19% increase in net sales in 2021, outpacing the industry. With nearly 25 years of experience, Totzke is expected to further accelerate Mattel's growth aligned with its transformation strategy.
Mattel, Inc. (NASDAQ: MAT) has entered a multi-year licensing agreement with Universal Brand Development to develop toys based on DreamWorks Animation’s Trolls franchise. Set to launch in fall 2023, the collection will include dolls, vehicles, plush, and games, coinciding with the release of the new Trolls movie in November 2023. This agreement expands on Mattel's existing partnerships with Universal, enhancing its portfolio in family entertainment.
The 2022 Hot Wheels Legends Tour, presented by Mobil 1 in collaboration with Walmart and Dickies, kicks off its fifth year with live and virtual events. Fans can register their custom cars for a chance to have them immortalized as Hot Wheels die-cast vehicles sold globally. The tour will feature in-person events across North America beginning April 30 in Miami, with the Global Grand Finale slated for November. Hot Wheels has seen significant growth, achieving $1 billion in sales in 2021 and continues to engage fans through competitions and events worldwide.
Mattel, Inc. (NASDAQ: MAT) has partnered with Talkshoplive to enhance its livestream shopping strategy, launching on March 17, 2022, in collaboration with Walmart.
This event introduces the 'Barbie Inspiring Women Series' and 'Career Dolls,' celebrating Women’s History Month by showcasing dolls inspired by historical female figures such as Maya Angelou and Rosa Parks.
The partnership aims to engage audiences through interactive shopping experiences, aiming to increase sales and brand visibility while leveraging Walmart's established platform.
Mattel, Inc. (NASDAQ: MAT) announced that Chairman and CEO Ynon Kreiz will participate in a fireside chat at the D.A. Davidson 2022 Consumer Growth Conference on Thursday, March 10, 2022, at 2:00 p.m. Eastern time. The chat will be available via a webcast on Mattel’s Investor Relations website at investors.mattel.com, with an archive accessible after the live event.
Mattel is a leading global toy company known for iconic brands like Barbie, Hot Wheels, and Fisher-Price, engaging children through innovative products and experiences.
Mattel, Inc. (NASDAQ: MAT) reported a strong performance for Q4 2021, with net sales rising to $1,795 million, a 10% increase year-over-year, and full-year sales reaching $5,458 million, up 19%. Operating income for Q4 was $257 million, and adjusted EBITDA was $321 million. The full year saw net income of $903 million, benefiting from tax asset adjustments. The company expects 2022 sales growth of 8-10% and an adjusted EPS of $1.42-$1.48. Despite a decrease in gross margins due to inflation, Mattel affirmed its transformation strategy is complete and aims for continued growth.
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