Wolterk Shares of Mattel, Inc. (NASDAQ:MAT) have been a particularly poor performer over the past year, losing over 20% even as the market has rallied substantially. As the tailwind from the Barbie movie has faded, the extremely muted demand for toys has weighed on results. Shares briefly jumped Monday on M&A speculation, before giving back much of those gains Tuesday. I last covered Mattel in October, mistakenly rating them a buy, and shares are down 20% since that recommendation. With toy demand stayi ...

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. On a call with analysts, Ynon Kreiz, the company’s chairman and CEO, related improvements in the toys sector. “The toy industry performed better than anticipated ...

Second Quarter 2024 Earnings (Unaudited Results) July 23, 2024 Cautionary Note Regarding Forward-Looking Statements / Presentation Information Mattel cautions the viewer that this presentation contains a number of forward-looking statements, which are statements that relate to the future and are, by their nature, uncertain. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include statements regarding Mattel's guidance and goals for ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.75%. A quarter ago, it was expected that this toy maker would post a loss of $0.12 per share when it actually produced a loss of $0.05, delivering a surprise of 58.33%.Over the last four quarters, the company has surpasse ...

NEWS RELEASE Exhibit 99.1 MATTEL REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Second Quarter 2024 Highlights Versus Prior Year • Net Sales of $1,080 million, down 1% as reported, and comparable in constant currency • Gross Margin of 49.2%, an increase of 410 basis points; Adjusted Gross Margin of 49.2%, an increase of 430 basis points • Operating Income of $83 million, an improvement of $20 million; Adjusted Operating Income of $96 million, an improvement of $21 million • Net Income of $57 million, an impr ...

Group 1 - Mattel is experiencing takeover interest from private equity firm L Catterton, backed by LVMH, which has led to a significant increase in its stock price [1][2] - The potential acquisition may trigger competing bids, particularly from Hasbro, which is currently considering whether to make an offer [1][2] - Activist investor Barington Capital has pressured Mattel to implement changes, including selling certain brands and separating the CEO and chairman roles [3] Group 2 - Despite a branding boost from the Barbie film, Mattel has faced a 52-week loss of 23%, and even with recent gains, the stock is still down approximately 13% [3][4] - In Q1, Mattel reported smaller-than-expected losses due to tight cost controls, but weak sales continue to be a challenge [4] - Analysts project fiscal 2024 sales to be $5.38 billion, a 1% decline from the previous year, with only modest growth expected in subsequent years [4]

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 said Monday.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, one of the sources said. Hasbro and Mattel have held unsuccessful merger talks over the years.Th ...

~39% Overall Response Rate (ORR): 1 CR and 6 PRs (2 awaiting confirmation) by RECIST 1.1 out of 18 evaluable MTAP-deletion urothelial and NSCLC patients~94% Disease Control Rate (DCR): 1 CR and 6 PRs and 10 SD by RECIST 1.1~78% of Patients with Tumor Shrinkage: 14 patients observed tumor shrinkage~81% ctDNA Molecular Response Rate (MRR): 13 of 16 patients with > 50% ctDNA reductionAE Profile: ~5.6% drug-related grade >3 AEs and no drug-related SAEs or discontinuations at 30 mg once-a-day expansion doseIDE39 ...

Mattel aims to make 80% of its games colorblind accessible by the end of the year, before raising that amount to 90% in 2025, the company announced Tuesday.Mattel said the move is part of an inclusivity effort and will target some of its most popular products, including Uno, Phase 10, Dos, Blokus and Tumblin' Monkeys games, according to a press release. The toy manufacturer's portfolio-wide changes will ensure that classic colors are not the only way to differentiate cards or components for the majority of ...

BEDMINSTER, N.J., June 24, 2024 (GLOBE NEWSWIRE) -- Matinas BioPharma Holdings, Inc. (NYSE American: MTNB), a clinical-stage biopharmaceutical company focused on delivering groundbreaking therapies using its lipid nanocrystal (LNC) platform delivery technology, announces the recent successful treatment of a 22-year-old male with polymicrobial necrotizing fasciitis (flesh-eating disease) that involved drug-resistant Lichtheimia, an angio-invasive species of the fungus Mucorales. This patient was treated at N ...