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Toymakers Mattel and Hasbro have reported their third-quarter earnings, with Mattel posting strong results thanks to the popularity of its Barbie line. However, Mattel is bracing for a dull holiday season, while Hasbro's stock has sunk to a 7-month low after missing profit and revenue expectations and cutting its outlook. Both companies are forecasting a slow holiday shopping season, adding to concerns about sales during this crucial period.
Disappointing sales forecasts from Hasbro Inc. and Mattel Inc., the largest US toymakers, are adding to concern that the upcoming holiday shopping season will be far from cheery. https://t.co/6Ls4GjG5kq
Disappointing sales forecasts from Hasbro Inc. and Mattel Inc., the largest US toymakers, are adding to concern that the upcoming holiday shopping season will be far from cheery. https://t.co/nmp2ihK72e
Disappointing sales forecasts from Hasbro Inc. and Mattel Inc., the largest US toymakers, are adding to concern that the upcoming holiday shopping season will be far from cheery. https://t.co/q6Z6uN78cC
Mattel and Hasbro stocks crashed Thursday after the toymakers amplified concerns about sales during the crucial holiday season in their third-quarter earnings reports. https://t.co/x2VY6mmvyU
Hasbro and Mattel forecast slow holiday shopping season https://t.co/lHXX4MNmjv
Toymakers Hasbro, Mattel slump after sounding alarm over holiday spending https://t.co/P0uaKTM1PK https://t.co/nSrKYL9m0l
$MAT (-10.4% pre) Mattel earnings beat, but guidance disappoints https://t.co/UBPxXGxRqz
$HAS (-11.1% pre) Hasbro stock sinks toward a 7-month low after profit and revenue miss, slashed outlook - MW https://t.co/XTPmxCmVtz
Mattel posts strong Q3 results, boosted by ‘Barbie’ mania https://t.co/fep556aYr4
Toymaker Mattel braces for dull holiday demand https://t.co/HI0AUkI7xF https://t.co/KZ4pSKVn66