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HomeTagsMattel earnings

Tag: Mattel earnings

Mattel Inc. (NASDAQ: MAT) Is...

Mattel Inc. (NASDAQ: MAT) plunges over 10.73%...

Mattel Inc. (NASDAQ: MAT) Is Joining Rival Hasbro Inc. To Report Below Expectations Forecasts on High Inflation

Mattel Inc. (NASDAQ: MAT) plunges over 10.73% to $18.30 in pre session after the company forecasted 2023 earnings below analyst expectations, joining rival Hasbro Inc. in feeling the effects of persistently high inflation, which has harmed demand for toys and games. While the toy industry has historically been more resilient to economic downturns than other discretionary sectors, Mattel reported that demand dropped abruptly and sharply in October and November, necessitating more profit-margin eroding clearance sales to clear excess inventory. "As we enter 2023, we expect it to be a challenging environment...

Mattel Inc. (NASDAQ:...

Mattel Inc. (NASDAQ: MAT) plunges over 10.73% to $18.30 in pre session after the company forecasted 2023 earnings below analyst expectations, joining rival Hasbro...
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