Shares of Mattel, Inc. (NASDAQ:MAT) ended Friday session in green amid volatile trading. The shares closed up +0.53 points or 1.60% at $33.69 with 1,761,751 shares getting traded. Post opening the session at $33.41, the shares hit an intraday low of $33.32 and an intraday high of $33.79 and the price vacillated in this range throughout the day. The company has a market cap of $11.66 billion and the numbers of outstanding shares have been calculated to be 340.62 million shares.
On August 31, 2016 American Girl®, a premium brand for girls and subsidiary of Mattel, Inc. (MAT), announced a multi-year partnership with the world’s leading dedicated toy and baby products retailer, Toys”R”Us, Inc. The collaboration will make Toys”R”Us® the first and only U.S.-based retailer to feature American Girl shop-in-shops in select stores, and the exclusive retail partner to carry American Girl’s popular Truly Me™ line of contemporary 18-inch dolls, doll outfits and accessories. The move marks the first time the company has extended such a broad assortment of its doll product outside of its existing channels.
The inclusion of American Girl product at Toys”R”Us stores is in addition to American Girl’s 20 proprietary U.S. stores and its online shop, americangirl.com. This expansion also comes on the heels of the launch of American Girl’s newest doll and content line, WellieWishers™, designed for girls ages 5 to 7 years.
“For years, girls and their families have been asking for more immediate and convenient ways to shop for and experience American Girl,” says Katy Dickson, president of American Girl. “Partnering with a top retailer like Toys”R”Us allows us to meet our customers where and when they want to shop and to take our timeless life lessons to even more girls. We’re excited about increasing access to our brand by inspiring and connecting with more families in more places than ever before!”
Shares of Kraft Heinz Co (NASDAQ:KHC) ended Friday session in green amid volatile trading. The shares closed up +0.13 points or 0.15% at $89.61 with 2,057,913 shares getting traded. Post opening the session at $89.90, the shares hit an intraday low of $89.11 and an intraday high of $90.54 and the price vacillated in this range throughout the day. The company has a market cap of $109.27 billion and the numbers of outstanding shares have been calculated to be 1.22 billion shares.
Kraft Heinz Co (KHC) on August 5, 2016 reported second quarter 2016 financial results that reflected significant gains from the ongoing integration of Kraft and Heinz, partially offset by currency translation and a higher tax rate versus the prior year period.
“By implementing our integration program and improving our performance in the marketplace, we continued to drive results in the second quarter,” said Kraft Heinz CEO Bernardo Hees. “However, to sustain our momentum, we must remain focused on profitable growth, innovations to meet consumer needs in a challenging environment, and improving our operations. We’re off to a good start, but there is still much work to be done.”
Net sales were $6.8 billion, down 4.7 percent versus pro forma net sales for the year-ago period, due to a negative 4.0 percentage point impact from currency and a negative 0.2 percentage point impact from divestitures. Organic Net Sales decreased 0.5 percent versus the year-ago period. Pricing increased 1.6 percentage points driven by the United States, Rest of World and Canada, despite deflation in key commodities in the United States and Canada, primarily in dairy and coffee. Volume/mix decreased 2.1 percentage points primarily due to lower shipments in several categories, particularly meats and foodservice in the United States, that was partially offset by growth from innovation in Lunchables and P3 in the United States as well as gains in condiments and sauces globally.