How the toy makers lost their Christmas magic [CNN]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: CNN
How the toy makers lost their Christmas magic Christmas is just a few days away, but big toymakers may not have a lot to be merry about. Mattel's fourth quarter sales are expected to fall 6% from the same time period a year ago. The Barbie and Fisher-Price maker is struggling, despite bringing in a new tech-savvy CEO from Google ( GOOGL ) earlier this year. Mattel ( MAT ) shares have plunged nearly 45% in 2017. Hasbro's sales and profits should rise, thanks to the Disney Princess line of toys, Nerf, My Little Pony, Transformers and the Monopoly board game. But the stock has fallen 20% from its 52-week high after Hasbro ( HAS ) warned in October that fourth quarter earnings will be lower than expected, largely due to the recent bankruptcy of Toys "R" Us. The Toys "R" Us bankruptcy has led to fears of mass closings, although the retailer said earlier this week that none were planned just yet. This is hurting other toy makers too. The once mighty Lego announced a drop in sales a
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MAT
News
- 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
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Bank of America Co. 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