toy sales decline prompts mattel and hasbro to lower holiday forecasts

Mattel and Hasbro have adjusted their year-end guidance due to declining toy sales.

Both companies reported mixed results for the third quarter, with earnings per share surpassing expectations but revenue falling short.

As a result, both firms have revised their forecasts for the crucial final quarter of the year.

Sales Projections

Mattel expects sales to be comparable to slightly down, while Hasbro projects a revenue decline of between 12% and 14% for its consumer products division.

The toy market is experiencing a downturn, with sales expected to decline by approximately 2% to 5%.

Outlook for the Holiday Season

Despite these challenges, Mattel remains optimistic about the holiday season, while Hasbro has a more cautious outlook.

Economic factors, such as the upcoming presidential election and recent climate disasters, may impact consumer spending.

Stock Market Reaction

The stock market has reacted accordingly, with Mattel's shares increasing and Hasbro's declining.

Future Outlook

The future outlook for the toy industry remains mixed, and both companies will need to navigate a complex landscape of consumer preferences and economic uncertainties.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings