Mattel Inc Stock Price, News & Analysis

Mattel (NASDAQ: MAT) has announced the winner of the 2020 Hot Wheels Legends Tour, recognizing Riley Stair's custom 1970 Pontiac Trans Am, which will be immortalized as a 1:64 scale die-cast model available globally in 2021. The event, streamed live from Jay Leno’s Garage, engaged over 10 million fans and featured celebrity judges. Stair's vehicle, selected from thousands of entries, exemplified the Hot Wheels spirit. This win connects the brand with a wider audience, reinforcing its reputation in the collectibles market.

Mattel, Inc. (NASDAQ: MAT) announced that its Chairman and CEO, Ynon Kreiz, will participate in a virtual fireside chat at the Berenberg US CEO Conference on November 12, 2020, at 12:00 p.m. Eastern time. The event will be accessible via Mattel’s Investor Relations website, with an archive available post-event. As a global toy leader, Mattel boasts a diverse portfolio of popular brands including Barbie and Hot Wheels, providing entertainment and educational products across 150 countries.

Mattel, Inc. (NASDAQ: MAT) announced that it has received nine finalist nominations for The Toy Association’s 2021 Toy of the Year (TOTY) Awards, leading the industry for the second consecutive year. Nominations include products from iconic brands such as Barbie®, American Girl®, and Fisher-Price®. Over the past five years, more than 55 of Mattel's toys have been nominated for TOTY. The winners will be revealed on February 12, 2021, in a virtual event.

Mattel, Inc. (NASDAQ: MAT) reported strong third quarter 2020 results, with Net Sales up 10% and Gross Sales also up 10%. Reported Operating Income surged to $384.2 million, a 156% increase. Earnings Per Share (EPS) improved to $0.91, marking a 355% rise from the previous year. Despite a 2% decline in sales for the first nine months, the company expects growth in the fourth quarter driven by low retail inventories and strong consumer demand. Overall, Mattel emphasizes ongoing operational improvements and cost savings as integral to boosting profitability.

Mattel, Inc. (NASDAQ: MAT) has announced the production of 104 new episodes and two 60-minute specials for the "Thomas & Friends" series in collaboration with Corus Entertainment's Nelvana Studio. This new direction will update the show's format, rendering it in 2D animation starting from Season 25, set to debut in Fall 2021. The revamped series aims to resonate with today's families while maintaining the franchise's essence of friendship and adventure. This partnership strengthens Mattel's existing relationship with Corus, enhancing the viewing experience for young audiences.

American Girl, a subsidiary of Mattel (NASDAQ: MAT), has unveiled its holiday product lineup for 2020, featuring a new historical character, Courtney Moore, and limited-edition dolls, including a Nutcracker Sugar Plum Fairy adorned with Swarovski crystals. The collection includes various doll outfits and accessories, an immersive experience at American Girl Place New York, and exclusive auctions benefiting the First Responders Children’s Foundation. All products are available at AmericanGirl.com and retail locations nationwide.

Mattel, Inc. (NASDAQ: MAT) and production company 2Dux² have announced plans to create a feature film based on the popular franchise Thomas & Friends®. The film will feature a blend of live-action and animation, co-produced by Marc Forster, who will also direct. This project celebrates the 75th anniversary of Thomas, which began in 1945. Thomas & Friends joins a range of other film projects from Mattel Films, including adaptations of Barbie® and Hot Wheels®. This venture aims to resonate with children and parents, focusing on themes of friendship and adventure.

Mattel, Inc. (NASDAQ: MAT) plans to announce its third quarter 2020 financial results on October 22, 2020, at 4:05 p.m. Eastern Time. A subsequent conference call will begin at 5:00 p.m. Eastern Time, which will be available via webcast on Mattel's Investor Relations website. An archived version will be accessible for 90 days after the call. The telephonic replay will be available until October 29, 2020. Mattel, a global leader in the toy industry, offers a wide range of products and experiences, leveraging its iconic brands to engage consumers worldwide.