mattel
Profit at Mattel increased in the second quarter, the US toymaker said on Tuesday. The company's bottom line came in at $56.9 million, or $0.17 per share. This compares with $27.2 million, or $0.08 per share, in last year's second quarter. Chairman and chief executive Ynon Kreiz said it was a good quarter for Mattel. "Mattel is well positioned for the second half, with new product innovation and increased retail support. We are in a strong financial position to execute our strategy to grow our IP-driven toy business and expand our entertainment offering," Kreiz said. The company's revenue for ...
DPA International
Profit at Mattel increased in the second quarter, the US toymaker said on Tuesday. The company's bottom line came in at $56.9 million, or $0.17 per share. This compares with $27.2 million, or $0.08 per share, in last year's second quarter. Chairman and chief executive Ynon Kreiz said it was a good quarter for Mattel. "Mattel is well positioned for the second half, with new product innovation and increased retail support. We are in a strong financial position to execute our strategy to grow our IP-driven toy business and expand our entertainment offering," Kreiz said. The company's revenue for ...
DPA
Profit at Mattel increased in the second quarter, the US toymaker said on Tuesday. The company's bottom line came in at $56.9 million, or $0.17 per share. This compares with $27.2 million, or $0.08 per share, in last year's second quarter. Chairman and chief executive Ynon Kreiz said it was a good quarter for Mattel. "Mattel is well positioned for the second half, with new product innovation and increased retail support. We are in a strong financial position to execute our strategy to grow our IP-driven toy business and expand our entertainment offering," Kreiz said. The company's revenue for ...
DPA Breaking News
Handbags, hats and even planes – what more could a (plastic) girl need? The list of accessories sold alongside Barbie has a new entry today: a white-and-red cane. Designed in partnership with the UK’s Royal National Institute of Blind People (RNIB) and the American Foundation for the Blind (AFB), Mattel’s first blind Barbie comes with a white-and-red cane and silver sunglasses, with one eye facing slightly up and out to reflect some blind people’s gaze. As well as a bid to make children with vision loss more represented within toy collections – and society at large – the doll is made to be mor...
Euronews (English)
The recent Barbie movie has given new relevance to the iconic dolls, originally created by Ruth Handler. Though she is not widely recognized as the mastermind behind the toys, the film featured Handler as a character in the movie, played by actress Rhea Perlman. Handler immigrated with her parents from Poland to Denver, Colorado, when she was a child. She was the youngest of ten kids, raised by her older sister because of her mother’s poor health. She first visited Hollywood when she was 19 years old and ended up staying out West for the rest of her life. Her high school boyfriend, Elliot Hand...
uInterview.com
New York (AFP) - American toy maker Mattel on Wednesday reported a drop in profits compared to last year, due to lower sales including a decline in Barbie products in the second quarter. Profits fell 59 percent compared to this time last year, to $27.2 million, on a 12 percent fall in revenues to $1.1 billion. The first quarter had seen a net loss of $106 million, and analysts had expected a loss of $11 million this quarter. Business was negatively hit by retailers trimming inventory levels and "some overall industry softness," said Chief Financial Officer Anthony DiSilvestro. "At this point, ...
AFP
New York (AFP) - US clothing chain Gap announced Wednesday that it tapped as its next CEO Richard Dickson, the current Mattel president who has been credited with reinvigorating Barbie. Gap, which owns its namesake stores as well as Old Navy, Banana Republic and Altheta, said Dickson will take reins of the company on August 22. Gap's press release described Dickson as a "lead architect in a global corporate transformation that has reinvigorated Mattel's iconic brands, including Barbie, Hot Wheels and Fisher-Price, as well as restored the company to growth and reaffirmed Mattel as an industry t...
AFP
New York (AFP) - Hollywood A-listers have been walking red carpets in hot pink, glitter is back, and companies from The Gap to Burger King are doing rose-colored collaborations: "Barbie" mania is everywhere as the hotly anticipated film hits theaters worldwide. Toy maker Mattel, who first unveiled the iconic doll in 1959, has reached about 100 licensing agreements for everything from roller skates to toothbrushes in connection to director Greta Gerwig's summer flick. Of course, Barbie is big in the beauty world too -- lipsticks, blushes and mirrors all bear the famous logo. "In the 30 years t...
AFP
The following is the unofficial transcript of a CNBC interview with Mattel Inc (NASDAQ:MAT) CEO Ynon Kreiz from the CNBC Evolve Global Summit, which took place today, Wednesday, July 13th. Video from the interview will be available at cnbc.com/evolve. Interview With Mattel CEO Ynon KreizJULIA BOORSTIN: Tyler, thank you so much. And Ynon, thank you so much for joining us today for this interview from your phenomenal offices that are just jam-packed with toys. We really appreciate you helping us here. Q2 2022 hedge fund letters, conferences and more YNON KREIZ: Thank you, Julia. It's great to fi...
ValueWalk
Shares of toy products and content creator Mattel, Inc. (NASDAQ:MAT) stock is a rare performer as shares are up 20% year-to-date reaching 52-week highs as benchmark indices plunge in the opposite direction. The iconic toy manufacturer pulled a surprise profit in its fiscal Q1 2022 when analysts expected a loss in addition to beating top-line estimates. The sentiment reversed back to positive after supply chain issues dampened expectations in its prior quarter. All its factories are completely operational as it navigates its global supply chain and logistics brilliantly. In fact, the Company ha...
ValueWalk
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