MAT Stock Recent News

Mattel Chairman and CEO Ynon Kreiz joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, and more.

Mattel, Inc. (NASDAQ:MAT ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants David Zbojniewicz - Head, Investor Relations Ynon Kreiz - Chairman & Chief Executive Officer Anthony DiSilvestro - Chief Financial Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Christian Carlino - JPMorgan Megan Alexander - Morgan Stanley Eric Handler - Roth Capital Linda Bolton-Weiser - D.A. Davidson Arpine Kocharyan - UBS Alexander Perry - Bank of America Kylie Cohu - Jefferies Fred Wightman - Wolfe Research Jim Chartier - Monness Crespi Hardt Operator Good afternoon.

The headline numbers for Mattel (MAT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Mattel, Inc. shares have dropped over 20% in the past year, with muted toy demand and fading Barbie movie tailwind affecting results. Despite a decline in sales in Q2, Mattel saw margin expansion as cost-cutting efforts led to improved EBITDA and cash flow. The company's push into IP licensing, potential acquisition interest, and balance sheet improvements suggest upside potential for investors.

Mattel Inc. on Tuesday said it expected to grow both profits and sales next year and said more new products and shelf space from retailers would help momentum for the second half of this year, and the company stuck with its full-year outlook despite a mixed second quarter and worries about consumer demand.

After years of consumers cutting back on nonessential retail purchases, Mattel is now starting to feel optimistic about the future of toys sales. On Tuesday (July 23), the toy and entertainment giant, owner of iconic brands including Barbie, Hot Wheels, Fisher-Price, American Girl and many others, reported its second quarter 2024 financial results.

Mattel (MAT) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.10 per share a year ago.

Mattel beat Wall Street estimates for second-quarter profit on Tuesday, aided by the toymaker's tight cost controls while posting a surprise drop in sales.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, today announced a partnership with leading sports and entertainment marketer AthLife, Inc. to create branded game day activations at sports arenas nationwide. The collaboration launches Tuesday, August 20, at the Boston Red Sox vs. Houston Astros MLB Barbie Night Game™, closely followed by the first WNBA Barbie.

Mattel (MAT) shares soared over 15% Monday, nearly erasing year-to-date losses following a report it received an acquisition offer from LVMH-backed private equity firm L Catterton. L Catterton is backed by French luxury conglomerate Moët Hennessy Louis Vuitton SE (LVMUY), commonly referred to as LVMH.