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0 0.00126023944549462 -0.017643352236925 -0.0132325141776938 -0.00701323251417769 -0.0372274732199118 -0.0516698172652804 -0.0598613736609957
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Barbie maker Mattel misses quarterly estimates, forecasts 2026 profit below expectations [Globe and Mail, The (Toronto, Canada)]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
The outlook comes as the company aims to build an entertainment portfolio around its brands. It hopes to repeat the success of the 2023 blockbuster Barbie with a live-action Masters of the Universe film in June and the Matchbox movie on Apple TV in October. Heavy promotional activity in December pressured margins, CEO Ynon Kreiz told Reuters, adding U.S. segment sales during the month grew “less than expected.” Rival Hasbro forecast muted annual revenue growth even as it beat estimates for fourth-quarter results earlier on Tuesday. Mattel expects 2026 adjusted earnings per share of US$1.18 to US$1.30, below analysts' average estimate of US$1.75, according to data compiled by LSEG. Fourth-quarter net sales rose 7 per cent to US$1.77-billion, missing expectations of US$1.84-billion. Adjusted earnings of 39 cents per share fell short of the 54 US cents estimate. The company, which unveiled a US$1.5-billion share buyback plan to be completed by 2028, said it had fully offset th Show less Read more
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