Mattel Inc Stock Price, News & Analysis

Mattel reported a challenging fourth quarter and full year 2022, with net sales of $1,402 million, down 22% from the previous year. Gross margin slipped to 43.0%, a 630 basis point decrease. Operating income fell to $79 million, a drop of $178 million. For the full year, net sales remained flat at $5,435 million, with adjusted EPS of $1.25, down from $1.30. Despite these challenges, Mattel announced a 2023 guidance with expected net sales of $5,435 million, an adjusted gross margin of approximately 47%, and plans to resume share repurchases with $200 million available. CFO Anthony DiSilvestro noted market share gains despite headwinds.

Mattel (NASDAQ: MAT) has announced the pre-order availability of Hot Wheels: Rift Rally, a new mixed-reality racing game set to release on March 14, 2023. The game utilizes Velan Studios' patented RC mixed reality technology, allowing players to blend physical play with digital racing experiences. The Chameleon RC car features over 140 variations of Hot Wheels vehicles such as Twin Mill™ and Bone Shaker™. Pre-order prices start at $129.99 for the Standard Edition and $149.99 for the Collector’s Edition, which includes exclusive items. The game aims to create a unique racing experience for fans, focusing on creative play.

Mattel, Inc. (NASDAQ: MAT) has partnered with Minecraft to launch Camp Enderwood, a new downloadable content (DLC) map for players. This immersive experience features various characters and unique mini-games available for free on the Minecraft Marketplace. The launch coincides with a new toy line representing characters from the DLC, offering exclusive in-game items through unique codes. The partnership aims to connect the physical and digital realms, reflecting diversity in character design. The new toys will debut in spring and summer 2023, enhancing fan engagement with both branded products and gameplay.

Fisher-Price has launched an exclusive Little People Collector™ Super Bowl LVII Champions set, allowing fans to pre-order commemorative figures representing NFL players from the Kansas City Chiefs and Philadelphia Eagles. The set features three NFL players and a super fan, available for $30. Pre-orders are open until February 21st, with fulfillment starting in August. Only orders for the winning team will be fulfilled, while opposing team orders will be refunded. The initiative aims to celebrate Super Bowl victories, enhancing Mattel's engagement with fans and collectors.

Mattel, Inc. (NASDAQ: MAT) will release its fourth quarter and full year 2022 financial results on February 8, 2023, at approximately 4:05 p.m. Eastern Time. Following the release, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time. Interested parties can access the webcast and slides through the Investor Relations section of their website. An archive of the webcast will be available for 12 months. Key financial information required by Regulation G will also be provided during the webcast.

American Girl, part of the Mattel portfolio, has unveiled its 2023 Girl of the Year, Kavi Sharma, who embodies courage and creativity. Kavi, from New Jersey, has a passion for performing arts and is designed to inspire young readers. The character’s story, authored by Varsha Bajaj, incorporates Indian cultural elements and will be featured in both a journal and a hardcover book. To promote performing arts among youth, American Girl is partnering with Camp Broadway, donating $25,000 for scholarships. Kavi's doll and associated products launched on December 29, 2022, are available online and in stores.

Maserati has unveiled an ultra-limited edition of its Grecale SUV in partnership with Mattel's Barbie, designed to reflect the bold and glamorous style of both brands. This bespoke version, part of the Fuoriserie customization program, features a powerful 530-hp V6 engine and is adorned with iconic Barbie pink and yellow accents. Limited to just two units globally, the first was showcased at the Neiman Marcus Fantasy Gifts event in Los Angeles. A portion of the sales will benefit the Barbie Dream Gap Project, running through March 31, 2023.

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.