Mattel

Mattel reported a quarterly 6 per cent drop in net sales to US$1.02 billion, missing analysts’ estimate of a 2.7 per cent decline to US$1.05 billion, according to data compiled by LSEG.

Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties

TOYMAKER Mattel cut its annual forecast, reinstating it after two months, and posted a sharp drop in second-quarter revenue on Wednesday, as weak Barbie sales in North America and global trade uncerta...

Barbie doll maker Mattel is not licensing its intellectual property to OpenAI as part of the deal and remains in full control of the products being created.

Mattel taps OpenAI to help it design toys, other products

The first release from the collaboration is expected later this year

Currently, less than 40 per cent of Mattel‘s global product is manufactured in China, compared to an industry average of about 80 per cent, analysts noted.

Barbie parent Mattel forecasts annual profit above estimates after steady holiday demand

TOYMAKER Mattel on Tuesday forecast full-year profit above Wall Street expectations after beating holiday quarter estimates, owing to stable demand for its action figures and Hot Wheels vehicles, send...

Mattel expects to generate cost savings of about US$75 million this year, after surpassing an earlier goal of US$60 million within the first nine months.

Mattel beats profit estimates on cost controls but trims annual sales forecast

MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial holiday shopping season against...

The Snuga Swing, targeted at infants of up to nine months of age, has both front-to-back and side-to-side motions and comes in 21 different models.

Mattel recalls Fisher-Price Snuga infant swings on suffocation risks after five deaths

MATTEL is recalling all models of its Fisher-Price Snuga infant swings after five deaths were reported from suffocation hazards between 2012 and 2022, the US consumer protection authority and the toym...

The launch coincides with the Barbie doll’s 65th birthday this year.

HMD launches Barbie phone in partnership with Mattel

HMD Global, which makes Nokia-branded phones, said it has teamed up with toymaker Mattel to launch the HMD Barbie Phone – a pint-sized pink feature flip phone with a retro design.

The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro, which has become aware of L Catterton’s approach and is discussing whether it should also submit an offer.

LVMH-backed L Catterton approaches Mattel with acquisition offer: sources

L CATTERTON, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter sa...

Mattel’s Hot Wheels cars are bucking that trend, with Kreiz expecting 2024 to be the seventh straight year of record sales for the brand.

Mattel posts narrower loss, thanks to Hot Wheels growth and lower costs

MATTEL shares rose in extended trading after the toymaker reported a smaller-than-expected first-quarter loss, benefiting from fast sales of its Hot Wheels miniature cars and lower costs.

Lego has expanded its position as the world’s No 1 toymaker, growing consumer sales 4 per cent in 2023 when the overall market contracted about 7 per cent.

Lego wins market share, overcoming rival’s Barbie movie launch

LEGO beat its biggest toymaker competitors last year, capturing market share even as its largest rival, Mattel, was buoyed by the Barbie movie.