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) 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.
Mattel (NASDAQ: MAT) has unveiled the 1:64-scale die-cast model of the 1970 Pontiac Trans Am, the latest winner from the Hot Wheels™ Legends Tour. This toy will be available globally in November. The Trans Am marks only the third fan vehicle to be transformed into a Hot Wheels toy and becomes a new inductee into the Hot Wheels Garage of Legends. The announcement occurred during the ongoing Legends Tour, with more events scheduled in Houston and El Segundo, California, in September and October, respectively.
The Hot Wheels Monster Trucks Live tour is set to return with a 10-stop series across the US starting September 18, featuring new trucks and drivers. Notable additions include Mega Wrex™, a 12-foot dinosaur monster truck, and Midwest Madness™, the first female driver. Returning favorites like Bone Shaker™ will also appear, alongside thrilling performances by MEGASAURUS and freestyle motocross. The Crash Zone Pre-Show Party returns, allowing fans to see the trucks up close. Tickets are now available for purchase.
Thomas & Friends launched a sweepstakes for the "Thomas & Friends Friendship Set," aimed at helping preschoolers develop socio-emotional skills. This initiative comes as parents express increased concern for children's well-being as they return to school after extended home time. Each set includes five trains with daily prompts to assist parents in preparing their children for school. The sweepstakes runs from August 5 to August 15, with eligible participants able to register at WinwithThomasAndFriends.com. Additionally, Target is offering a buy one, get one 50% off on Thomas & Friends toys through August 7.
Mattel, Inc. (NASDAQ: MAT) has announced a donation of $5 for each eligible Barbie doctor, nurse, and paramedic doll sold at Target to the First Responders Children’s Foundation (FRCF). This initiative is part of Mattel's #ThankYouHeroes program aimed at supporting children of first responders who battled COVID-19. The program highlights six frontline workers through collectible dolls, reinforcing Mattel's commitment to community engagement. Additionally, the Barbie Fast Cast Clinic™ playset has been introduced, promoting imaginative play. Donations are capped at $50,000 and run from August 1 to August 28.
Today, Mattel (NASDAQ: MAT) launched the UNO Artiste Series deck featuring designs by acclaimed artist Shepard Fairey on its platform, Mattel Creations. This collectible deck, available for $20, emphasizes sustainability with its paper-based design, eliminating plastic trays. Fairey expressed excitement over integrating his art with the iconic UNO brand, recalling his childhood memories of the game. The partnership also includes a donation to Ocean Conservancy. Since 2019, the UNO Artiste Series has celebrated artists like Jean-Michel Basquiat and Keith Haring, reinforcing Mattel's commitment to art and culture.
Mattel, Inc. (NASDAQ: MAT) reported a strong second quarter for 2021, with net sales increasing by 40% year-over-year. This growth includes a 36% rise in constant currency. The company experienced a notable improvement in operating income, reporting $49 million compared to a loss of $48 million last year. Adjusted EBITDA more than quadrupled, reflecting enhanced profitability. Gross margin rose to 47.5%, aided by high sales growth and efficiencies despite inflationary pressures. Mattel raised its financial guidance, underscoring its robust performance and growth outlook.
Mattel, Inc. (NASDAQ: MAT) will release its second quarter 2021 financial results on July 27, 2021, at approximately 4:05 p.m. ET. A conference call and webcast will follow at 5:00 p.m. ET, accessible via Mattel's Investor Relations website. The live call can be accessed by logging in early, and a recording will be available for 90 days post-call. A telephonic replay will also be available until August 3, 2021. For additional financial data, visit the Investors section of Mattel’s corporate site.
Mattel (NASDAQ: MAT) plans to transform its iconic Polly Pocket micro-doll line into a live-action film. Collaborating with MGM and Lena Dunham’s production company, the project features Dunham as the writer and director, with Lily Collins starring as Polly. The film aims to reintroduce Polly's nostalgic charm while appealing to modern audiences. Polly Pocket has been a beloved franchise for over 30 years and is currently the top global playset doll growth property. The film joins several other projects in development by Mattel Films.
FAQ
What is the current stock price of Mattel (MAT)?
What is the market cap of Mattel (MAT)?
What does Mattel, Inc. specialize in?
Where is Mattel, Inc. headquartered?
How many countries does Mattel operate in?
What are some of Mattel's most popular brands?
How does Mattel distribute its products?
How many employees does Mattel have?
What type of toys does Mattel offer?
Does Mattel collaborate with other companies?
Where can I find more information about Mattel?
What recent achievements has Mattel accomplished?
