Marvel superheroes power up Lego's sales [Reuters]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Reuters
Marvel superheroes power up Lego's sales - Reuters 3 Min Read COPENHAGEN (Reuters) - Models of superheroes and villains from Marvel’s “Avengers” movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores. Lego, famous for its colorful plastic bricks, returned to sales growth last year after a decade of double-digit increases came to an abrupt halt in 2017. The company, which competes with the likes of Barbie maker Mattel Inc ( MAT.O ) and Hasbro ( HAS.O ), said on Tuesday sales rose 4% between January and June to 14.8 billion Danish crowns ($2.2 billion). In local currencies, sales grew 2%. Niels Christiansen, who took over as chief executive in 2017, said that matched the company’s ambitions for single-digit growth over the full year. “And I think we will deliver on that.” Lego said it gained share in its largest markets, with double-digit growth in China and single-digit growth
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News
- The case of Fruity Pebbles: 'Stone-age' use does not guarantee trademark protection in colors [Reuters]Reuters
- Mattel to Bring Three Channels to Samsung TV PlusBusiness Wire
- Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [Yahoo! Finance]Yahoo! Finance
- Investors Reward Hasbro, Mattel For Cost Cuts, Inventory Reductions [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website