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Stock impact report

UPDATE 2-Mattel signals end to Toys "R" Us woes as Barbie boosts sales [Reuters]

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: Reuters
Mattel signals end to Toys 'R' Us woes as Barbie boosts sales - Reuters 3 Min Read (Reuters) - Mattel Inc beat Wall Street estimates for quarterly revenue on Thursday, as a more diverse range of Barbie dolls and new toys based on franchises such as the “Jurassic World” powered sales in the United States. Shares rose about 12 percent after hours, as the results eased investor fears of a slowdown in Barbie sales this year due to the release of a new “Frozen” movie, whose doll licenses are held by rival Hasbro Inc. Mattel’s revenue beat, along with Hasbro’s surprise quarterly profit earlier this week, also signaled that U.S. toymakers may have put behind them the sudden demise of top toy retailer and customer Toys “R” Us. “We’ve moved on past Toys “R” Us,” Mattel Chief Executive Officer Ynon Kreiz told Reuters, adding that the company was benefiting from its expanded partnerships with other retailers, ranging from grocers to drug stores. A makeover of Mattel’s 60-year-old Barbie brand wi Show less Read more
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