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) 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.
Mattel, Inc. (NASDAQ: MAT) announced its initiative Drive Toward a Better Future, aiming for 100% recycled, recyclable, or bio-based plastic in Matchbox products by 2030. The launch of the Matchbox Tesla Roadster, made from 99% recycled materials, highlights this commitment. New product lines will feature eco-friendly materials, zero-plastic packaging, and enhanced consumer recycling guidance. Matchbox is also focused on reducing energy use and waste, emphasizing sustainability throughout its operations.
Mattel, Inc. (NASDAQ: MAT) is set to release its first quarter 2021 financial results on April 22, 2021, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. The event will be accessible via the company's Investor Relations website. A recording of the call will be available for 90 days post-event, and a telephone replay is also provided until April 29. Mattel is a major player in the global toy industry, known for iconic brands like Barbie and Hot Wheels, and operates in 35 locations globally, reaching consumers in over 150 countries.
The 2021 Hot Wheels Legends Tour, presented by Mobil 1, is now open for fan car submissions, offering enthusiasts the chance to have their custom cars immortalized as die-cast toys. This year, the tour expands globally, featuring live and virtual events across 14 countries and 5 continents, starting in April. The competition will culminate in November with one custom car creation being inducted into the Hot Wheels Garage of Legends. Previous winners will also be featured in the Forza Horizon 4 video game. The tour builds on the success of past events and aims to attract more submissions due to increased fan engagement.
Mattel, Inc. (NASDAQ: MAT) announced that CEO Ynon Kreiz will participate in a fireside chat at the DA Davidson Consumer Growth Conference on March 11, 2021, at 10:15 a.m. Eastern Time. The event will be webcasted live on Mattel’s Investor Relations website, with an archive available soon after. Mattel is renowned for its diverse portfolio of iconic brands including Barbie®, Hot Wheels®, and Fisher-Price®, and operates in 35 locations worldwide, providing products in over 150 countries. The company focuses on creating innovative products that inspire and develop children through play.
Mattel, Inc. (NASDAQ: MAT) has priced an offering of $600 million in 3.375% Senior Notes due 2026 and $600 million in 3.750% Senior Notes due 2029. The offering is expected to close on March 19, 2021. Proceeds will be used to redeem outstanding 6.750% Senior Notes due 2025 and cover related expenses. The Notes are offered in a private placement to qualified institutional buyers under the Securities Act. This move is part of Mattel's financial strategy to improve its debt structure.
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