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Mattel trims sales forecast
Mattel trims sales forecast ahead of holiday shopping amid tepid toys demand
Mattel lowered its full-year sales forecast on Wednesday as the Barbie parent heads into the crucial holiday shopping season against the backdrop of muted demand for toys.
Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing
Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film lineup that could help drive sales.
Mattel Braces for Flat Toy Sales Ahead of Holiday Season
Mattel lowered its full-year sales forecast as the Barbie parent heads into the crucial holiday shopping season against the backdrop of muted demand for toys. The company now expects 2024 net sales to be in the range of flat to down slightly from last year’s $5.44 billion, compared with its prior estimate of flat on a constant currency basis.
Mattel beats profit estimates on cost controls but trims annual sales forecast
Mattel topped Wall Street estimates for quarterly profit on cost cuts, even as the Barbie parent lowered its full-year sales forecast heading into the crucial holiday shopping season against the backdrop of muted demand for toys.
Q3, EPS and Mattel
Mattel Kicks Off Q3 Earnings Season, Adjusts Guidance
We expect topline growth in the fourth quarter driven by a good holiday season, market share gains and a toyetic theatrical slate and are well positioned for long-term growth and shareholder value creation.
Mattel reports Q3 adjusted EPS $1.14, consensus 95c
Reports Q3 revenue $1.844B, consensus $1.86B. Ynon Kreiz, Chairman and CEO of Mattel (MAT), said: “We continue to execute on our
Wabtec reports Q3 adjusted EPS $2.00, consensus $1.90
Reports Q3 revenue $2.66B, consensus $2.69B. “The Wabtec (WAB) team delivered another strong quarter, evidenced by continued growth in sales,
6h
on MSN
Mattel Lifts Profit, Overcomes Barbie Sales Dip; Shares Jump
Mattel Inc., the manufacturer of Barbie and other popular toys, posted third-quarter profit that beat analysts’ estimates ...
4h
Last Year’s Barbie Bump Now A Barbie Slump For Mattel
Mattel revised its full-year sales forecast downward after a drop in Barbie sales contributed to weaker than expected ...
9h
Toys aren’t just for kids. Mattel and other companies are embracing ‘kidults’
A growing number of adults who are buying toys for themselves, reclaiming memories from their childhood and showing off their ...
1h
Mattel says raising FY24 savings target to $75M from $60M
Says expects growth in Q4. Says meaningful expansion in gross margin fully offset the Barbie movie comparison in its bottom line relative to ...
1d
on MSN
Mattel and ‘Chicken Run’ Studio Aardman Team Up on Stop-Motion, Animated ‘Pingu’ Series
Mattel exec Josh Silverman spoke to THR about the company's mission to create shows that resonate with both adults and ...
7h
Mattel: Q3 Earnings Snapshot
EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Mattel Inc. (MAT) on Wednesday reported third-quarter net income of $372.4 million. The El Segundo, California-based company said it had net income ...
2d
on MSN
Hasbro and Mattel are relatively insulated from China tariffs. They would still hurt.
The toy giants are “underindexed to industry average” in terms of their exposure to China, a UBS analyst says.
11h
Trixie Mattel reflects on her journey from 'Drag Race' to the Out100
Trixie's response serves as a reminder that even one of the hardest working drag artists in the game needs to know when to ...
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