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 (MAT) reported solid Q2 2024 results, with net sales of $1,080 million, down 1% as reported but comparable in constant currency. The company achieved significant improvements in profitability:
- Gross margin increased 410 basis points to 49.2%
- Operating income improved by $20 million to $83 million
- Net income rose by $30 million to $57 million
- Earnings per share increased from $0.08 to $0.17
Mattel reiterated its 2024 guidance, expecting comparable net sales, adjusted gross margin of 48.5-49%, and adjusted EPS of $1.35-$1.45. The company repurchased $100 million of shares in Q2, bringing the first-half total to $200 million.
Mattel (NASDAQ: MAT) has partnered with AthLife to launch branded experiences at sporting events nationwide. The collaboration kicks off with Barbie-themed games in WNBA and MLB, starting August 20 at the Boston Red Sox vs. Houston Astros MLB Barbie Night Game™. The first WNBA Barbie Night Game follows on August 30 between the Indiana Fever and Chicago Sky.
These events will feature themed giveaways, photo opportunities, branded jerseys, trivia, and other promotions. Mattel plans to expand this initiative to include other brands across various professional and minor league sports. The partnership aims to enhance fan engagement and create unforgettable experiences beyond the toy aisle, aligning with Barbie's 65th anniversary celebration and its mission to empower girls to dream big in sports and other fields.
Mattel (NASDAQ: MAT) has introduced two new Barbie Fashionistas dolls: the first blind Barbie and a Black Barbie with Down syndrome. These additions aim to increase representation and inclusivity in the toy industry. Mattel collaborated with the American Foundation for the Blind and the National Down Syndrome Society to ensure accurate representations.
The blind Barbie features a white and red cane, sunglasses, elbow articulations, and textured fabrics. The Black Barbie with Down syndrome has specific physical characteristics, including a shorter frame and a unique face sculpt. Both dolls are part of Barbie's commitment to reflecting diversity and helping children develop empathy through play.
The new dolls are available online now and will be in stores this Summer, priced at $10.99. Mattel is also collaborating with Aille Design on a Barbie-inspired accessible fashion collection featuring braille beadwork.
Mattel (Nasdaq: MAT) and Outright Games have announced Monster High: Skulltimate Secrets, the first Monster High video game for current-generation consoles. Set to release on October 29, 2024, the game will be available on Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X|S, and PC via Steam and Microsoft Store.
The single-player 3D platformer allows players to create their own monster character and join the Boo Crew to uncover mysteries at Monster High. The game builds on the success of the Monster High brand, which ranks #4 in Fashion Doll & Accessories items in the US (YTD 2024). It aims to promote inclusion, creativity, and self-expression, aligning with Monster High's core values of community, acceptance, and belonging.
Mattel (NASDAQ: MAT) has announced its schedule for the release of its second quarter 2024 financial results. The results will be published on Tuesday, July 23, 2024, at approximately 4:05 p.m. Eastern Time. This will be followed by a webcast conference call at 5:00 p.m. Eastern Time to discuss the results in detail. The conference call and accompanying presentation slides can be accessed on Mattel's Investor Relations website.
To participate in the webcast, listeners are encouraged to log on to the website at least 10 minutes in advance to register and install any necessary audio software. The webcast will be archived on the company's website for 12 months after the event, and essential financial and statistical data will be available on the Investors section of the website.
Mattel (NASDAQ: MAT) has announced that by the end of 2024, 80% of its global games portfolio will be colorblind accessible, increasing to 90% in 2025. This initiative includes popular games like UNO, Phase 10, DOS, Blokus, and Tumblin’ Monkeys. This move aims to support the 300 million people worldwide experiencing colorblindness. Mattel has collaborated with experts and individuals with color vision deficiencies to develop solutions using patterns, tactile clues, and symbols. Mobile versions of card games will also feature colorblind identification. This effort is part of Mattel's broader commitment to inclusivity and diversity.
California has declared June 11, 2024, as International Day of Play (IDOP), recognizing Mattel for its commitment to enriching children’s lives through play. This initiative is part of a global movement endorsed by the United Nations, asserting play as a fundamental right for every child. Mattel, honored as an ambassador, introduced its IDOP play kits to legislators, which will be donated to Save the Children. The company will also host a series of events, including co-branded promotions at Target and toy donations amounting to 100,000 items. Over 150,000 toys will be distributed to more than 7,000 children on June 11. Additionally, Mattel will engage its employees in the Play It Forward Global Volunteer Week later in June.
Mattel (NASDAQ: MAT) and Outright Games have announced the upcoming release of 'Matchbox Driving Adventures,' the first all-console and PC game inspired by the Matchbox toy brand. Developed by Casual Brothers, the game will launch on September 20, 2024, on Nintendo Switch, PlayStation 4, PlayStation 5, Xbox One, Xbox Series X|S, and PC. Players can customize and race 12 Matchbox vehicles across six environments and 14 tracks, with options for both Adventure and Competition modes. The game supports up to four players in local multiplayer. This milestone aims to engage a new generation of fans and honor the Matchbox legacy.
Mattel (NASDAQ: MAT) has partnered with Universal Pictures and Academy Award-winning producer/screenwriter Akiva Goldsman to develop a live-action Monster High film. Monster High, launched in 2010, is a popular doll line encouraging inclusivity and self-expression. Robbie Brenner, President of Mattel Films, and Goldsman will produce the film, emphasizing unique individual traits. Mattel Films aims to collaborate with leading filmmakers to create culturally resonant films based on iconic brands. Other projects in development include films for American Girl, Barney, Hot Wheels, and more.
Mattel Television Studios announced a new animated series, Barbie Mysteries: The Great Horse Chase, set to debut globally on Netflix this fall. The series will feature eight 25-minute episodes and follow Barbie “Brooklyn” Roberts and Barbie “Malibu” Roberts on an adventure to the English countryside. Their trip turns into a mystery when prized jumping horses and a diamond-encrusted saddle are stolen. The series promises mystery and intrigue as Barbie and Barbie chase clues across Europe. To complement the series, Mattel will release new toys this summer, including the Dance & Show Horse and the Barbie “Malibu” and “Brooklyn” Riding Dolls.
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?
