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Stock impact report

Barbie, Monopoly toymakers see bright holiday season despite tariff pressure [MSNBC.com]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: MSNBC.com
PresidentDonald Trumpholiday season“This quarter, our U.S. business was again challenged by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz said on Mattel’s recent earnings call. “That said, consumer demand for our products grew in every region, including in the U.S.”During the most recent quarter, which ended Sept. 30, Mattel said sales slipped 6% globally, led by a 12% decline in North America. International sales rose 3%.Some of the company’s top performing categories included Hot Wheels and action figures, primarily from the “Jurassic ,” Minecraft and WWE franchises.Other Mattel brands saw a drop in sales, however, includingBarbie and Fisher-PriceWith retail stores waiting until the last minute to assess the level of tariffs that would apply to their holiday orders, Kreiz said “since the beginning of the fourth quarter, orders from retailers in the U.S. have accelerated significantly.”Retailers “expect strong demand for the holiday and they are restocking,” he Show less Read more
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