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, Inc. (NASDAQ: MAT) announced that its Chairman and CEO, Ynon Kreiz, will participate in a fireside chat at the virtual Goldman Sachs 30th Annual Communacopia Conference on Thursday, September 23, 2021, at 1:15 p.m. Eastern time. Investors can access the live webcast on Mattel’s Investor Relations website, with an archived version available post-event. Mattel is a leading global toy company known for iconic brands like Barbie, Hot Wheels, and Fisher-Price, focusing on innovative products and experiences that inspire children through play.
On Sept. 15, 2021, Mattel announced the launch of the Barbie®: A Cultural Icon exhibition, set to debut in Las Vegas in October 2021. This exhibition will celebrate over 60 years of Barbie's influence, showcasing the first Barbie doll produced in 1959 and featuring over 150 vintage dolls, artifacts, and themed displays. Recognized as the 2020 Top Global Toy Property, Barbie continues to reflect global diversity in beauty and fashion. The exhibition aligns with safety regulations and aims to engage audiences with the evolution of this cultural icon.
Mattel, Inc. (NASDAQ: MAT) introduces the Barbie Music Producer doll to inspire girls in the music industry where women represent less than 3% of producers. In collaboration with Ester Dean and Girls Make Beats, Mattel aims to empower young girls through scholarships and an engaging webinar. This initiative is part of the Barbie Dream Gap Project, promoting awareness and support for female representation in music. The doll, retailing at $14.99, includes accessories and encourages girls to explore diverse career paths.
Mattel (NASDAQ: MAT) has unveiled the 1:64-scale die-cast model of the 1970 Pontiac Trans Am, the latest winner from the Hot Wheels™ Legends Tour. This toy will be available globally in November. The Trans Am marks only the third fan vehicle to be transformed into a Hot Wheels toy and becomes a new inductee into the Hot Wheels Garage of Legends. The announcement occurred during the ongoing Legends Tour, with more events scheduled in Houston and El Segundo, California, in September and October, respectively.
The Hot Wheels Monster Trucks Live tour is set to return with a 10-stop series across the US starting September 18, featuring new trucks and drivers. Notable additions include Mega Wrex™, a 12-foot dinosaur monster truck, and Midwest Madness™, the first female driver. Returning favorites like Bone Shaker™ will also appear, alongside thrilling performances by MEGASAURUS and freestyle motocross. The Crash Zone Pre-Show Party returns, allowing fans to see the trucks up close. Tickets are now available for purchase.
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Thomas & Friends launched a sweepstakes for the "Thomas & Friends Friendship Set," aimed at helping preschoolers develop socio-emotional skills. This initiative comes as parents express increased concern for children's well-being as they return to school after extended home time. Each set includes five trains with daily prompts to assist parents in preparing their children for school. The sweepstakes runs from August 5 to August 15, with eligible participants able to register at WinwithThomasAndFriends.com. Additionally, Target is offering a buy one, get one 50% off on Thomas & Friends toys through August 7.
Mattel, Inc. (NASDAQ: MAT) has announced a donation of $5 for each eligible Barbie doctor, nurse, and paramedic doll sold at Target to the First Responders Children’s Foundation (FRCF). This initiative is part of Mattel's #ThankYouHeroes program aimed at supporting children of first responders who battled COVID-19. The program highlights six frontline workers through collectible dolls, reinforcing Mattel's commitment to community engagement. Additionally, the Barbie Fast Cast Clinic™ playset has been introduced, promoting imaginative play. Donations are capped at $50,000 and run from August 1 to August 28.
Today, Mattel (NASDAQ: MAT) launched the UNO Artiste Series deck featuring designs by acclaimed artist Shepard Fairey on its platform, Mattel Creations. This collectible deck, available for $20, emphasizes sustainability with its paper-based design, eliminating plastic trays. Fairey expressed excitement over integrating his art with the iconic UNO brand, recalling his childhood memories of the game. The partnership also includes a donation to Ocean Conservancy. Since 2019, the UNO Artiste Series has celebrated artists like Jean-Michel Basquiat and Keith Haring, reinforcing Mattel's commitment to art and culture.
Mattel, Inc. (NASDAQ: MAT) reported a strong second quarter for 2021, with net sales increasing by 40% year-over-year. This growth includes a 36% rise in constant currency. The company experienced a notable improvement in operating income, reporting $49 million compared to a loss of $48 million last year. Adjusted EBITDA more than quadrupled, reflecting enhanced profitability. Gross margin rose to 47.5%, aided by high sales growth and efficiencies despite inflationary pressures. Mattel raised its financial guidance, underscoring its robust performance and growth outlook.