Mattel Inc Stock Price, News & Analysis

Mattel, Inc. (NASDAQ: MAT) reported its Q3 2022 results, showing net sales of $1,756 million, flat year-over-year, but up 3% in constant currency. Gross margin improved to 48.2%, while operating income rose slightly to $391 million. However, net income fell to $290 million, significantly impacted by a prior year tax benefit. Earnings per share dropped to $0.80 from $2.24. Full-year guidance indicates net sales growth of 8-10% in constant currency, with adjusted EPS expected between $1.32 and $1.42. The company's diversified portfolio demonstrates resilience, despite challenges in North America market segments.

Mattel, Inc. (NASDAQ: MAT) has announced the renewal of its licensing partnership with The Pokémon Company International for building sets. This ongoing collaboration allows Mattel to produce popular Pokémon toys under its MEGA brand, creating buildable characters and sets that feature iconic Pokémon like Pikachu and Charmander. The partnership aims to develop new MEGA products, enhancing consumer engagement and expanding the Pokémon brand's reach. Both companies expressed their commitment to delivering innovative and enjoyable experiences for fans.

Mattel plans to release its third quarter 2022 financial results on October 25, 2022, at approximately 4:05 p.m. Eastern Time. A webcast conference call will follow at 5:00 p.m. Eastern Time. Interested parties can access the webcast and slides through Mattel's Investor Relations website. Financial information required by Regulation G will also be available during the call. Mattel is a leading global toy company with a diverse portfolio, known for brands like Barbie, Hot Wheels, and Fisher-Price.

KidKraft has launched a new collaboration with American Girl to introduce the first officially licensed dollhouse for American Girl’s 18-inch dolls, just in time for the holidays. The American Girl x KidKraft Luxury Dollhouse and the Custom Closet feature nine play areas, including amenities like a spinning ceiling fan, working lights, and secret storage. The dollhouse retails for $598.00, while the closet is priced at $298.00. This partnership enhances imaginative play and represents both brands' commitment to creativity.

Mattel (NASDAQ: MAT) has introduced Bruno, the first autistic character in the Thomas & Friends franchise, developed in collaboration with autism advocacy organizations. Voiced by autistic actor Chuck Smith, Bruno debuts in the Season 26 premiere on September 12, 2022. This character aims to provide positive representation of neurodiversity, showcasing traits common in autistic individuals. Bruno will appear across multiple media formats, including a YouTube series and podcasts, enhancing inclusion in children's programming. Experts were involved throughout the character's development to ensure authenticity.

Mattel has partnered with Save the Children to support rural education programs in the U.S. From August 28 to October 1, shoppers purchasing select Barbie, Matchbox, and Little People items at Target will contribute to these programs, with Mattel donating a portion of sales, up to $150K. This initiative marks the first retail branding of Mattel's Play It Forward program, which has previously donated nearly $21 million since 2005. The collaboration aims to improve literacy, numeracy, and emotional skills for children in need.

Mattel, Inc. (NASDAQ: MAT) reported strong second quarter 2022 results, with net sales reaching $1,236 million, a 20% increase year-over-year. The company’s reported operating income jumped to $125 million, up 155%, while reported net income was $66 million, improving significantly. Despite a decrease in gross margin to 44.4%, Mattel reiterated its 2022 guidance for net sales and adjusted EPS. The firm's strong portfolio and partnerships are expected to boost performance in the second half of the year.

Mattel (NASDAQ: MAT) has announced a multi-year partnership with SpaceX to create and market space-themed toys and collectibles. Beginning in 2023, the collaboration will introduce SpaceX-inspired products under the Matchbox brand and on Mattel Creations, the company's direct-to-consumer platform. This initiative aims to inspire children and collectors, fostering an interest in space exploration.

Mattel's SVP of Entertainment Partnerships, Nick Karamanos, expressed enthusiasm for creating engaging products that celebrate cultural moments, while SpaceX's VP, Brian Bjelde, highlighted the project's potential to motivate future space explorers.