{ }
Symbol MAT
Name Mattel, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Consumer Services
Industry Hotels, Restaurants & Leisure
Market NASDAQ Global Select
Country United States
State CA
City El Segundo
Zipcode 90245-5012
Website http://www.mattel.com
Mattel has recalled thousands of its “Wicked” dolls after a packaging error directed consumers to a pornographic website instead of the official movie site. Major retailers, including Target and Walmart, have removed the dolls from their shelves, while resellers are capitalizing on the situation, listing the misprinted dolls on eBay for prices ranging from $40 to $2,100. Mattel is taking steps to address the issue and has advised consumers to discard the misprinted packaging.
Shopify Inc. is shifting its focus from small businesses to larger enterprises, successfully attracting hundreds of Salesforce clients, including notable brands like Mattel, Toys R Us, and Casper. The company promotes its lower-priced e-commerce services while playfully critiquing Salesforce's client engagement tactics.
Mattel and Hasbro have lowered their end-of-year guidance ahead of the holiday season, citing a decline in toy sales during the third quarter. Mattel anticipates sales to be "comparable to slightly down," while Hasbro expects a revenue drop of 12% to 14% for consumer products. Despite mixed results, overall holiday spending is projected to rise from $979.5 billion to $989 billion, influenced by economic factors and recent climate disasters.
Mattel Inc. reported a third-quarter profit of $1.14 per share, surpassing analysts' expectations of 94 cents, despite lower-than-expected sales prompting a reduction in its full-year revenue outlook. The company maintained its full-year profit forecast.
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

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.