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 Citi Leisure Day on June 2, 2021, at 11:00 a.m. ET. The event will be accessible via Mattel's Investor Relations website, where an archive will also be available shortly after the live session. Mattel is a leading global toy company known for popular brands like Barbie, Hot Wheels, and Fisher-Price, operating in 35 locations and selling products in over 150 countries.
Mattel Inc. (NASDAQ: MAT) has launched Mattel PlayBack, a toy takeback program aimed at recycling materials from old toys. This initiative is part of Mattel's commitment to achieving 100% recycled, recyclable, or bio-based plastics across its products by 2030. Customers can send back their used Mattel toys, which will be sorted for recycling or downcycled if necessary. The program will initially operate in the U.S. and Canada, with plans to expand to Europe. Mattel emphasizes sustainability and aims to educate children about environmental responsibility through this initiative.
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Mattel, Inc. (NASDAQ: MAT) has entered into a multi-year global licensing deal with 9 Story Media Group and Karma's World Entertainment for the toy line based on the upcoming Netflix series Karma's World. This partnership enables Mattel to create a diverse range of toys, including dolls and accessories, launching globally starting fall 2022. The series, created by Chris 'Ludacris' Bridges, promotes themes of self-empowerment and community among children aged 6-9, featuring a young Black girl aspiring to be a musical artist.
Mattel, Inc. (NASDAQ: MAT) reported a record-breaking first quarter of 2021, with net sales up 47% from the previous year. North America sales surged 67%, driven by strong demand for brands like Barbie and Hot Wheels. Operating income also improved significantly to $31 million, marking a $181 million increase. Adjusted gross margin rose to 47%%, while overall gross billings saw substantial growth across various categories. The company revised its 2021 guidance upwards due to this stronger performance, despite ongoing concerns regarding COVID-19 and cost inflation.
Mattel (NASDAQ: MAT) has announced plans to transform the classic game Rock ‘Em Sock ‘Em Robots® into a live-action film in collaboration with Universal Pictures and Vin Diesel's One Race Films. Vin Diesel will both star in and produce the movie, which tells the story of a father and son forming a bond with an advanced war machine. This project marks the second collaboration between Mattel Films and Universal Pictures, following another film based on the Wishbone™ series. The iconic game has been a staple in pop culture since its launch in 1966.
Mattel, Inc. (NASDAQ: MAT) announced its initiative Drive Toward a Better Future, aiming for 100% recycled, recyclable, or bio-based plastic in Matchbox products by 2030. The launch of the Matchbox Tesla Roadster, made from 99% recycled materials, highlights this commitment. New product lines will feature eco-friendly materials, zero-plastic packaging, and enhanced consumer recycling guidance. Matchbox is also focused on reducing energy use and waste, emphasizing sustainability throughout its operations.
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Mattel, Inc. (NASDAQ: MAT) is set to release its first quarter 2021 financial results on April 22, 2021, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. The event will be accessible via the company's Investor Relations website. A recording of the call will be available for 90 days post-event, and a telephone replay is also provided until April 29. Mattel is a major player in the global toy industry, known for iconic brands like Barbie and Hot Wheels, and operates in 35 locations globally, reaching consumers in over 150 countries.
The 2021 Hot Wheels Legends Tour, presented by Mobil 1, is now open for fan car submissions, offering enthusiasts the chance to have their custom cars immortalized as die-cast toys. This year, the tour expands globally, featuring live and virtual events across 14 countries and 5 continents, starting in April. The competition will culminate in November with one custom car creation being inducted into the Hot Wheels Garage of Legends. Previous winners will also be featured in the Forza Horizon 4 video game. The tour builds on the success of past events and aims to attract more submissions due to increased fan engagement.