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Stock impact report

Mattel raises annual profit forecast on steady toy demand, entertainment push [Yahoo! Finance]

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: Yahoo! Finance
As traditional toy sales come ?under pressure, the company has been investing in its IP-led strategy, banking on films like "Masters of the ?Universe" and "Matchbox" and an expanding slate of licensing and digital partnerships to power demand. The Barbie maker also acquired the remaining 50% of a joint venture with China's NetEase as part of the plan. "We continued to make progress on our strategy to ?grow our IP-driven play and ?family entertainment business and are seeing top-line acceleration in the second quarter to date," CEO Ynon Kreiz said in a statement. The ?Hot Wheels owner has also teased a new lineup of "KPop Demon Hunters" dolls to be released later this year after it failed to cash in on the success of ?the ?runaway Netflix hit over the holiday shopping ?season. Mattel's first-quarter net sales of $862.2 million ?beat analysts' estimates of $804.7 million, according to data compiled by LSEG. For the full year, the company expects adjusted profit per share to b Show less Read more
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