Mattel, Inc. - MAT STOCK NEWS

Mattel, Inc. (NASDAQ: MAT) reported strong fourth quarter and full-year 2020 financial results, achieving a 10% increase in net sales in Q4, and 2% growth for the full year, despite pandemic challenges. The operating income for Q4 rose to $192.7 million, and EPS improved to $0.37. The company highlighted the effectiveness of its product offerings and supply chain. Looking ahead, Mattel anticipates continued growth driven by its new 'Optimizing for Growth' program, aiming for $250 million in cost savings by 2023.

Mattel, Inc. (NASDAQ: MAT) announced the development of a live-action film based on its popular game, UNO®. The project will be produced by Mattel Films in collaboration with rapper Lil Yachty and Quality Control's team. Set in Atlanta's hip hop scene, the action-comedy aims to modernize the classic game for a new audience. As UNO celebrates its 50th anniversary, Mattel is also launching new product lines and tournaments to engage fans globally. This film joins other major projects from Mattel Films, which includes adaptations of several iconic brands.

Mattel is set to adapt the globally popular card game UNO® into a live-action film, produced by Mattel Films in collaboration with rapper Lil Yachty and Quality Control's Kevin Lee, Pierre Thomas, and Brian Sher.

The screenplay is penned by Marcy Kelly, and the film promises a comedic action-adventure narrative rooted in Atlanta's hip-hop culture. As UNO marks its 50th anniversary, Mattel plans to unveil an extensive product line and global tournament, further promoting the brand and enhancing its cultural relevance.

Mattel, Inc. (NASDAQ: MAT) announced that its Barbie® brand was named the top global toy property of 2020 by the NPD Group. Additionally, Hot Wheels® Singles 1/64 assortment was recognized as the global top-selling toy. Notably, Mattel was ranked the #1 toy manufacturer in the U.S. for the 27th consecutive year. In 2020, the Barbie Dreamhouse and Fisher-Price led their respective categories. The success reflects Mattel's mission to innovate and engage children through play, honoring cultural relevance and social initiatives.

Mattel, Inc. (NASDAQ: MAT) will announce its full year and fourth quarter 2020 financial results on February 9, 2021, at 4:05 p.m. EST. A conference call will follow at 5:00 p.m. EST, available via webcast on Mattel's Investor Relations website. A Virtual Analyst Day is also scheduled for February 24, 2021, at 10:00 a.m. EST, offering a strategic business update. The company is well-established with a diverse portfolio of iconic brands and a global presence in 35 locations and over 150 countries.

American Girl, a subsidiary of Mattel (NASDAQ: MAT), launched its 2021 Girl of the Year, Kira Bailey, who promotes environmental awareness through storytelling. Kira, a 10-year-old animal lover in Australia, confronts challenges like wildlife protection and climate change. To support Kira's mission, American Girl partners with WIRES, raising up to $25,000 for wildlife rescue. The Kira collection, featuring an 18-inch doll and themed accessories, is available starting December 31, 2020, aimed at inspiring young girls to engage in conservation efforts.

Mattel, Inc. (NASDAQ: MAT) announced that CEO Ynon Kreiz will engage in a fireside chat during the MKM The Road Ahead, Preparation for 2021 Conference, on December 15, 2020, at 11:10 a.m. Eastern Time. The event will be webcasted and accessible on Mattel’s Investor Relations website, with an archive available post-event. Mattel is a prominent global toy company known for its portfolio of iconic brands like Barbie, Hot Wheels, and Fisher-Price, operating in over 35 locations globally and serving consumers in more than 150 countries.