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 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.
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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.
Mattel's Barbie has unveiled a groundbreaking study from Cardiff University, which demonstrates that playing with dolls activates brain regions crucial for developing empathy and social skills in children. Conducted with 33 children aged 4-8, the research found that solitary doll play engaged the posterior superior temporal sulcus, responsible for social processing, on par with group play. Despite 91% of parents valuing empathy development, only 26% recognized doll play's role. The study emphasizes the need for further research, promising enhanced resources for parents through Barbie's online platform.