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 (NASDAQ: MAT) is launching a series of Non-Fungible Tokens (NFTs) from its Hot Wheels brand through its Mattel Creations platform. The Hot Wheels NFT Garage™ will feature three unique vehicles from “The First Editions” collection, available for auction starting June 22, 2021. This move aims to expand Mattel's presence in the digital art space and attract new collectors who prefer cryptocurrency transactions, specifically Ethereum. The initiative underscores Mattel's commitment to innovation while bridging physical products with digital art.
Mattel, Inc. (NASDAQ: MAT) announces that CEO Ynon Kreiz will join a fireside chat at the Nasdaq 44th Investor Conference on June 16, 2021, at 12:00 p.m. Eastern time. The event will be streamed on Mattel’s Investor Relations website, where an archive will also be available post-event. Mattel is a global leader in the toy industry, featuring iconic brands such as Barbie, Hot Wheels, and Fisher-Price, and operates in 35 locations, serving over 150 countries. The company focuses on creating innovative products that inspire and develop children through play.
American Girl, part of the Mattel portfolio, released a new book titled A Smart Girl's Guide: Race & Inclusion. This book, authored by diversity expert Deanna Singh, aims to educate readers aged 10 and up about race, racism, and anti-racism. It provides tools for gaining racial fluency and encourages readers to engage in discussions about race. The book is priced at $12.99 and includes various practical activities. American Girl continues its commitment to diverse storytelling and has donated over $500,000 to organizations supporting education.
Mattel, Inc. (NASDAQ: MAT) has launched the Barbie Loves the Ocean collection, the first fashion doll line made from recycled ocean-bound plastic. This initiative aligns with Mattel's commitment to achieving 100% recycled, recyclable, or bio-based plastic materials across all products by 2030. The collection features dolls made from 90% recycled materials and includes a Beach Shack playset. Furthermore, the brand emphasizes sustainability through various campaigns, including a partnership with 4ocean to combat plastic waste. This reinforces Mattel's evolution toward fostering environmental consciousness among children.
Mattel, Inc. (NASDAQ: MAT) announced that its Chairman and CEO Ynon Kreiz will participate in a fireside chat at the virtual Citi Leisure Day on June 2, 2021, at 11:00 a.m. ET. The event will be accessible via Mattel's Investor Relations website, where an archive will also be available shortly after the live session. Mattel is a leading global toy company known for popular brands like Barbie, Hot Wheels, and Fisher-Price, operating in 35 locations and selling products in over 150 countries.
Mattel Inc. (NASDAQ: MAT) has launched Mattel PlayBack, a toy takeback program aimed at recycling materials from old toys. This initiative is part of Mattel's commitment to achieving 100% recycled, recyclable, or bio-based plastics across its products by 2030. Customers can send back their used Mattel toys, which will be sorted for recycling or downcycled if necessary. The program will initially operate in the U.S. and Canada, with plans to expand to Europe. Mattel emphasizes sustainability and aims to educate children about environmental responsibility through this initiative.
Mattel, Inc. (NASDAQ: MAT) has entered into a multi-year global licensing deal with 9 Story Media Group and Karma's World Entertainment for the toy line based on the upcoming Netflix series Karma's World. This partnership enables Mattel to create a diverse range of toys, including dolls and accessories, launching globally starting fall 2022. The series, created by Chris 'Ludacris' Bridges, promotes themes of self-empowerment and community among children aged 6-9, featuring a young Black girl aspiring to be a musical artist.
Mattel, Inc. (NASDAQ: MAT) reported a record-breaking first quarter of 2021, with net sales up 47% from the previous year. North America sales surged 67%, driven by strong demand for brands like Barbie and Hot Wheels. Operating income also improved significantly to $31 million, marking a $181 million increase. Adjusted gross margin rose to 47%%, while overall gross billings saw substantial growth across various categories. The company revised its 2021 guidance upwards due to this stronger performance, despite ongoing concerns regarding COVID-19 and cost inflation.
Mattel (NASDAQ: MAT) has announced plans to transform the classic game Rock ‘Em Sock ‘Em Robots® into a live-action film in collaboration with Universal Pictures and Vin Diesel's One Race Films. Vin Diesel will both star in and produce the movie, which tells the story of a father and son forming a bond with an advanced war machine. This project marks the second collaboration between Mattel Films and Universal Pictures, following another film based on the Wishbone™ series. The iconic game has been a staple in pop culture since its launch in 1966.
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