Mattel Inc. (MAT)
Mattel's quarterly sales fell. But the months ahead will be better, executives say.
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.
Mattel Sales Declines Slow as Toys Make a Cautious Comeback
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) Tops Q2 Earnings Estimates
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.
Toymaker Mattel tops quarterly profit estimates on cost controls
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.
Toy Maker Mattel's Stock Soars on Reported L Catterton Buyout Offer
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.
Buyout Barbie? Mattel Stock Jumps on Reports of Takeover Interest.
Toy manufacturer and entertainment specialist Mattel (NASDAQ: MAT ) generated business headlines earlier today on reports of a takeover interest. According to Reuters, private equity firm L Catterton — which is backed by luxury goods brand LVMH (OTCMKTS: LVMUY ) — offered to buy out the toy company.
Toy maker Mattel receives buyout offer from L Catterton, sending shares soaring 20%
The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro.
Mattel's UNO and other popular games will become colorblind accessible
Mattel announced that 80% of its games will be colorblind accessible by the end of 2024. The company plans to raise this amount to 90% in 2025.
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Here's Why You Should Retain Mattel (MAT) Stock for Now
Mattel's (MAT) focus on digital gaming and location-based entertainment will likely drive growth. However, an uncertain macroeconomic environment is a concern.
Mattel (MAT) Partners Universal to Develop Monster High Movie
Mattel (MAT) teams up with Universal Pictures to develop a live-action feature film based on the teenage girl fashion doll line.
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