Mattel, Inc. - $MAT STOCK NEWS

Mattel, Inc. (MAT) commemorates Barbie's 65th anniversary by honoring role models and expanding partnerships, inspiring girls to reach their full potential through storytelling and empowerment.

Mattel, Inc. (NASDAQ: MAT) CFO to participate in UBS Global Consumer and Retail Conference 2024, offering a webcast for investors to access. The event is scheduled for March 14, 2024, at 10:00 a.m. Eastern time.

Mattel, Inc. (MAT) will host a Virtual Investor Presentation on March 7, 2024, to provide a strategic business update and plans for 2024. The event will be webcast on Mattel's Investor Relations website.

Mattel Inc. announces a strategic partnership with Universal Brand Development to create new Jurassic World toys. The collaboration aims to leverage Mattel's expertise in toy manufacturing and Universal's iconic franchise to deliver innovative products to consumers.

Mattel, Inc. (NASDAQ: MAT) has appointed Christopher Farrell as the new Executive Vice President and Chief Strategy Officer. Farrell will lead strategic planning and corporate development, aiming to accelerate growth and profitability for the company. He brings extensive experience in strategic planning, M&A, and corporate development, primarily in the consumer and retail sectors. Prior to joining Mattel, he was the Global Head of M&A at Ahold Delhaize, a Dutch multinational food retailer. Farrell's appointment is expected to drive value creation for Mattel's stakeholders.

Mattel, Inc. (NASDAQ: MAT) reported a 16% increase in net sales for Q4 2023, with a net income increase of $131 million. Full year 2023 net sales were flat, with a decrease of $114 million in operating income. The company announced 2024 guidance and a $1 billion share repurchase program.

Mattel, Inc. (NASDAQ: MAT) announced the appointment of Julius Genachowski and Dawn Ostroff to the Company’s Board of Directors, effective February 5, 2024. The new Directors bring extensive combined experience in media, entertainment, and technology, and expertise in finance, M&A, and government regulation, which will help further Mattel’s strategy to grow its IP-driven toy business and expand its entertainment offering. Mr. Genachowski brings extensive experience in technology, media, and telecom, including internet and digital communications policy, cybersecurity, and privacy. He is a Senior Advisor at Carlyle, a leading global investment firm. Ms. Ostroff brings more than 30 years of experience in media and entertainment, technology, and advertising with a proven track record of growing and transforming companies to meet the expectations of new generations of consumers. Both new Directors expressed their excitement to work with Mattel's leadership and Board of Directors to serve the company and its shareholders at this exciting time for the company.

American Girl and Disney announce a collaboration to launch a new 18-inch doll collection featuring popular Disney Princess and Disney Frozen franchises. The initial collection includes fan favorites Ariel, Tiana, and Cinderella, with each princess represented by a beautifully crafted doll and an authentically designed signature dress, along with additional outfits and special accessories. The collection is available for purchase at americangirl.com and American Girl retail stores nationwide.

Mattel, Inc. (NASDAQ: MAT) announced the return of Barbie, Stacie, and friends in an all-new journey in Barbie and Stacie to the Rescue. The hour-long special, coming to Netflix on March 14, will feature Stacie as the lead character for the first time and includes five new original songs, new friends, and more puppies than ever. The special follows Stacie's adventure as she saves the day for Barbie and Skipper, empowering and entertaining audiences of all ages. The latest installment of Mattel’s animated Barbie content aims to instill messages of friendship, discovery, and kindness.