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 appointed Jonathan Anschell as Executive Vice President, Chief Legal Officer, and Secretary, effective January 1, 2021. He succeeds Robert Normile, who will transition to an advisory role. Anschell, previously with ViacomCBS, brings significant legal expertise in managing consumer brands. His role will encompass overseeing legal operations, corporate governance, and compliance. CEO Ynon Kreiz expressed confidence that Anschell's leadership will enhance Mattel's transformation into an IP-driven company, ensuring continued value creation for shareholders.
Mattel, Inc. (NASDAQ: MAT) announced that CEO Ynon Kreiz will participate in a fireside chat at the Barclays Eat, Sleep, Play Conference on December 1, 2020, at 10:30 a.m. Eastern time. The event will be webcasted live on Mattel's Investor Relations website, with an archive available post-event. Mattel is a global leader in the toy industry, known for iconic brands like Barbie and Hot Wheels, and operates in over 35 locations worldwide, reaching more than 150 countries. This participation highlights Mattel's ongoing engagement with investors and the community.
Mattel, Inc. (NASDAQ: MAT) has appointed Catherine Frymark as Executive Vice President of Corporate Communications. Starting next month, Frymark will oversee global corporate communications and philanthropic efforts, including the Mattel Children’s Foundation. She has a 20-year experience at Discovery, Inc., where she held leadership roles, managing corporate communications and overseeing multiple divisions. Frymark aims to guide Mattel's next phase of communications, emphasizing corporate social responsibility and the company's legacy of inspiring play.
American Girl, a subsidiary of Mattel (NASDAQ: MAT), has partnered with Swarovski to launch three unique collector dolls, adorned with over 5,000 crystals, with auction proceeds benefiting the First Responders Children’s Foundation Toy Express program. The dolls will be auctioned starting at $5,000 until November 25, 2020. Additionally, Mattel and American Girl are donating over $1 million in toys to support children of first responders during the holiday season. The auction aims to bring joy to families impacted by COVID-19.
Mattel (NASDAQ: MAT) has announced the winner of the 2020 Hot Wheels Legends Tour, recognizing Riley Stair's custom 1970 Pontiac Trans Am, which will be immortalized as a 1:64 scale die-cast model available globally in 2021. The event, streamed live from Jay Leno’s Garage, engaged over 10 million fans and featured celebrity judges. Stair's vehicle, selected from thousands of entries, exemplified the Hot Wheels spirit. This win connects the brand with a wider audience, reinforcing its reputation in the collectibles market.
Mattel, Inc. (NASDAQ: MAT) announced that its Chairman and CEO, Ynon Kreiz, will participate in a virtual fireside chat at the Berenberg US CEO Conference on November 12, 2020, at 12:00 p.m. Eastern time. The event will be accessible via Mattel’s Investor Relations website, with an archive available post-event. As a global toy leader, Mattel boasts a diverse portfolio of popular brands including Barbie and Hot Wheels, providing entertainment and educational products across 150 countries.
Mattel, Inc. (NASDAQ: MAT) announced that it has received nine finalist nominations for The Toy Association’s 2021 Toy of the Year (TOTY) Awards, leading the industry for the second consecutive year. Nominations include products from iconic brands such as Barbie®, American Girl®, and Fisher-Price®. Over the past five years, more than 55 of Mattel's toys have been nominated for TOTY. The winners will be revealed on February 12, 2021, in a virtual event.
Mattel, Inc. (NASDAQ: MAT) reported strong third quarter 2020 results, with Net Sales up 10% and Gross Sales also up 10%. Reported Operating Income surged to $384.2 million, a 156% increase. Earnings Per Share (EPS) improved to $0.91, marking a 355% rise from the previous year. Despite a 2% decline in sales for the first nine months, the company expects growth in the fourth quarter driven by low retail inventories and strong consumer demand. Overall, Mattel emphasizes ongoing operational improvements and cost savings as integral to boosting profitability.
Mattel, Inc. (NASDAQ: MAT) has announced the production of 104 new episodes and two 60-minute specials for the "Thomas & Friends" series in collaboration with Corus Entertainment's Nelvana Studio. This new direction will update the show's format, rendering it in 2D animation starting from Season 25, set to debut in Fall 2021. The revamped series aims to resonate with today's families while maintaining the franchise's essence of friendship and adventure. This partnership strengthens Mattel's existing relationship with Corus, enhancing the viewing experience for young audiences.
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?
