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 (MAT) maintains its position as a global leader in toys and consumer products through continuous innovation and strategic brand management. This page aggregates official press releases, financial disclosures, and market developments directly from Mattel and verified sources.
Investors and industry observers will find timely updates on earnings reports, product launches, licensing agreements, and leadership announcements. The curated selection focuses on material events impacting Mattel's market position and operational strategy within the competitive toy manufacturing sector.
Key areas covered include innovations in educational play solutions, sustainability initiatives, and partnerships with entertainment franchises. Content is organized chronologically for tracking strategic developments while maintaining accessibility for both professional analysts and casual investors.
Bookmark this page for streamlined access to MAT's latest corporate communications and industry analysis. Regular updates ensure stakeholders stay informed about developments affecting one of the world's most recognized toy companies.
Mattel, Inc. (NASDAQ: MAT) reported a net sales decline of 22% in Q1 2023, totaling $815 million, with a gross margin of 40.0%, down from 46.4% year-over-year. The company faced an operating loss of $115 million and a net loss of $106 million compared to a net income of $21 million in the prior year. Adjusted EPS was negative $0.24, down from positive $0.08. Despite inventory challenges, management stated the underlying business remains strong, anticipating improved revenue in the second half of the year. For 2023, Mattel maintains its guidance with expected net sales of $5.435 billion and free cash flow exceeding $400 million.
Overall, while current results show significant declines, the leadership expresses confidence in the long-term strategy and market positioning.
Mattel, Inc. (NASDAQ: MAT) has launched a Barbie doll featuring Down syndrome as part of its global Barbie Fashionistas lineup, promoting inclusivity and representation. The doll, created with guidance from the National Down Syndrome Society, showcases distinctive features, including a new face and body sculpt and accessories symbolizing Down syndrome awareness. Priced at
The 2023 Hot Wheels Legends Tour, presented by Mobil 1, launches on May 13 in Miami, Florida, and expands to 17 countries, marking the largest tour in its history. Vehicle submissions are open, inviting custom car builders to showcase their designs. The tour will feature nine regional events in the U.S., culminating in the Mobil 1 Rally and Legends Fest on October 7 in El Segundo, California. The virtual Global Semi Final is on November 2, leading to the Grand Finale on November 11. Last year, over 10,000 entries were received, and participation is expected to grow even further this year.
This event will include family-friendly activities and will be streamed on social media channels, allowing fans worldwide to engage.
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