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 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.
Mattel, Inc. (NASDAQ: MAT) announced the launch of Crossed Signals, a new electronic light and sound matching game for players aged 8 and older. This addition to the Mattel Games lineup enhances active gameplay with four variations, including Light Pursuit and Signal Showdown. Available now at Target for $19.99, it will also be accessible globally this fall. The game aims to provide an interactive experience, promoting social play at home or outdoors.
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.
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