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. reports developments across its global play and family entertainment business, built around franchise brands such as Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, Matchbox, Monster High and Polly Pocket. Company updates commonly cover toys, content, consumer products, digital games and live experiences sold through retail and ecommerce relationships.
Recurring news includes quarterly financial results, brand and franchise product launches, entertainment-related licensing and promotional partnerships, digital strategy updates following the completed acquisition of full ownership of Mattel163, share repurchases and capital allocation, shareholder engagement, board review of strategy, and changes in the global commercial organization.
Mattel (NASDAQ: MAT) has launched a new product, WILD TWISTS™ PLAYING CARDS BY UNO®, marking its entry into the playing cards market. This deck includes classic games and special Wild Cards to enhance gameplay. Available for $2.99 at Target, this innovative deck allows fans to enjoy games like Poker and Go Fish with a unique UNO twist. The launch signifies Mattel's ongoing efforts to diversify the UNO brand, following expansions into online gameplay and collectibles. The UNO brand was celebrated for its 50th anniversary with various events, including the first UNO Championship Series.
Mattel, Inc. (NASDAQ: MAT) reported a robust first quarter of 2022 with net sales reaching $1,041 million, a 19% increase year-over-year. Operating income surged by 136% to $80 million, while adjusted EBITDA rose by 65% to $152 million. Despite a 70 basis points drop in gross margin to 46.4%, the company expects net sales growth of 8-10% for the year. Notably, American Girl's segment saw a 22% decline. Management remains optimistic, reiterating full-year guidance and 2023 goals reflecting continued growth across key categories.
Mattel (NASDAQ: MAT) aims to enhance its environmental strategy by committing to reduce plastic packaging by 25% per product by 2030. This initiative complements existing goals to achieve 100% recycled, recyclable, or bio-based plastic materials in products and packaging by 2030. The company reported progress across various ESG pillars, including sustainable design, responsible sourcing, and support for inclusive communities. Highlights include exceeding recycled content goals in packaging and reducing greenhouse gas emissions by 8% from 2019. The full details are in Mattel’s 2021 Citizenship Report.
Mattel, Inc. (NASDAQ: MAT) announced a collaboration with Warner Bros. Pictures and J.J. Abrams’ Bad Robot to produce a live-action film based on the iconic Hot Wheels brand. Set to showcase thrilling automotive action, the movie aims to appeal to fans across generations. Hot Wheels remains the top-selling toy globally, with over 8 billion vehicles sold. The project aligns with Mattel's focus on transforming its legendary franchises into cinematic experiences, including an upcoming Barbie film. Key figures from both companies will oversee production, enhancing the film's creative caliber.
Mattel (NASDAQ: MAT) has sent two Barbie dolls to space as part of Mission DreamStar, in collaboration with the International Space Station National Lab. This initiative aims to inspire girls to pursue careers in STEM, showcasing Barbie's 63-year legacy as a role model. The dolls will return this summer, later to be displayed at the Smithsonian's National Air and Space Museum. Additionally, a special You Can Be Anything™ episode will highlight women in space careers, further encouraging young girls to aim high.
Mattel, Inc. (NASDAQ: MAT) will release its first quarter 2022 financial results on April 27, 2022, at 4:05 p.m. Eastern Time. A conference call and webcast will follow at 5:00 p.m. Eastern Time. Investors can access the live call via Mattel’s Investor Relations website. An archive of the webcast will be available for 90 days after the event, starting approximately two hours post-call. A telephonic replay will be available until May 4, 2022, using passcode 3845555.
For more details, visit the company site.
Mattel (NASDAQ: MAT) has unveiled the Hot Wheels® 1:64-scale die-cast model of the 1969 Volvo P1800 Gasser, a winner from the 2021 Hot Wheels Legends™ Tour, at a global event in New York City. This model, built by UK’s Lee Johnstone, will be sold in over 150 countries. The fifth Legends Tour kicks off on April 14, 2022, with events set in multiple locations. The Hot Wheels brand continues to engage car enthusiasts through competitions and collaborations, celebrating its cultural impact over more than half a century.
Mattel, Inc. (NASDAQ: MAT) has appointed Steve Totzke as the new President and Chief Commercial Officer, a role he will undertake as the company aims to strengthen its market leadership and enhance commercial capabilities. Since his leadership began in 2018, Totzke has been pivotal in driving global growth and developing Mattel's e-commerce strategies. The company reported a 19% increase in net sales in 2021, outpacing the industry. With nearly 25 years of experience, Totzke is expected to further accelerate Mattel's growth aligned with its transformation strategy.
Mattel, Inc. (NASDAQ: MAT) has entered a multi-year licensing agreement with Universal Brand Development to develop toys based on DreamWorks Animation’s Trolls franchise. Set to launch in fall 2023, the collection will include dolls, vehicles, plush, and games, coinciding with the release of the new Trolls movie in November 2023. This agreement expands on Mattel's existing partnerships with Universal, enhancing its portfolio in family entertainment.
The 2022 Hot Wheels Legends Tour, presented by Mobil 1 in collaboration with Walmart and Dickies, kicks off its fifth year with live and virtual events. Fans can register their custom cars for a chance to have them immortalized as Hot Wheels die-cast vehicles sold globally. The tour will feature in-person events across North America beginning April 30 in Miami, with the Global Grand Finale slated for November. Hot Wheels has seen significant growth, achieving $1 billion in sales in 2021 and continues to engage fans through competitions and events worldwide.