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) reported its Q3 2021 results, showing Net Sales of $1,762 million, up 8% year-over-year. Gross Margin declined to 47.8%, down 280 basis points. Operating Income increased by $10 million to $389 million, while Adjusted EBITDA declined by $2 million to $463 million. Reported Net Income stood at $813 million due to a $510 million non-cash benefit. The company raised its full-year guidance for Net Sales in constant currency to approximately 15%.
WWE (NYSE: WWE) and Mattel (NASDAQ: MAT) announced a multi-year extension of their global master toy licensing agreement, granting exclusive rights for Action Figures, Accessories, and Kids Toy Title Belts. This partnership, ongoing since 2009, has produced a diverse portfolio of toys available in over 50 markets. WWE Action Figures are recognized as the No. 1 action figure property in the U.S. This collaboration aims to continue delivering innovative products that significantly drive revenue for retail partners.
Mattel, Inc. (NASDAQ: MAT) announced that Chairman and CEO Ynon Kreiz will participate in a panel discussion titled 'The Listening Project: Charting a New Course for Global Leaders' at the 2021 Milken Institute Global Conference. The event is scheduled for Tuesday, October 19, 2021, at 3:30 p.m. PT. Interested parties can access the live webcast on Mattel's Investor Relations website, with an archive available for playback for approximately one year.
Mattel, Warner Music Group, and iHeartMedia launched Barbie Radio, a 24-hour digital station available exclusively on iHeartRadio. The station features Barbie acting as a DJ, playing songs from her extensive catalog, including music from her latest album Barbie: Big City, Big Dreams. This initiative aims to engage children and families while promoting girl empowerment through its content. Barbie Radio can be accessed on various devices, providing an interactive musical experience for fans worldwide.
Mattel (NASDAQ: MAT) has achieved significant milestones in sustainability, sourcing 97% recycled or FSC-certified content in its products and packaging in 2020. The company has been awarded the 2021 Leadership Award by the FSC for its commitment to responsible forest management. Furthermore, Mattel launched a Tree Equity partnership with American Forests to address tree inequity in Los Angeles. The company aims to use 100% recycled, recyclable, or bio-based plastic by 2030, reflecting its ongoing efforts towards enhancing environmental responsibility.
Mattel, Inc. (NASDAQ: MAT) will release its third quarter 2021 financial results on October 21, 2021, at approximately 4:05 p.m. Eastern Time. A conference call and webcast will follow at 5:00 p.m. Eastern Time. Interested parties can access the live call via Mattel's Investor Relations website. An archive will be available post-call for 90 days, and a telephonic replay can be accessed until October 28, 2021. Financial information relevant to Regulation G will be included in the webcast.
Mattel, Inc. (NASDAQ: MAT) announced that its Chairman and CEO, Ynon Kreiz, will participate in a fireside chat at the virtual Goldman Sachs 30th Annual Communacopia Conference on Thursday, September 23, 2021, at 1:15 p.m. Eastern time. Investors can access the live webcast on Mattel’s Investor Relations website, with an archived version available post-event. Mattel is a leading global toy company known for iconic brands like Barbie, Hot Wheels, and Fisher-Price, focusing on innovative products and experiences that inspire children through play.
On Sept. 15, 2021, Mattel announced the launch of the Barbie®: A Cultural Icon exhibition, set to debut in Las Vegas in October 2021. This exhibition will celebrate over 60 years of Barbie's influence, showcasing the first Barbie doll produced in 1959 and featuring over 150 vintage dolls, artifacts, and themed displays. Recognized as the 2020 Top Global Toy Property, Barbie continues to reflect global diversity in beauty and fashion. The exhibition aligns with safety regulations and aims to engage audiences with the evolution of this cultural icon.
Mattel, Inc. (NASDAQ: MAT) introduces the Barbie Music Producer doll to inspire girls in the music industry where women represent less than 3% of producers. In collaboration with Ester Dean and Girls Make Beats, Mattel aims to empower young girls through scholarships and an engaging webinar. This initiative is part of the Barbie Dream Gap Project, promoting awareness and support for female representation in music. The doll, retailing at $14.99, includes accessories and encourages girls to explore diverse career paths.
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