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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.
E.l.f. Beauty reported a 40% sales increase, raising its full-year revenue guidance to $1.32-$1.34 billion, surpassing analyst expectations. The company posted adjusted earnings of 77 cents per share, significantly above the anticipated 43 cents, and plans to expand shelf space in Target and Walgreens. CEO Tarang Amin highlighted the brand's appeal across generations, attributing success to its value-driven strategy and innovative product offerings.
On Thursday, major analyst calls were made regarding several prominent companies, including Meta, Coinbase, Microsoft, Robinhood, Wingstop, and Target. These evaluations are expected to influence market perceptions and investor decisions as the companies navigate their respective sectors.
Bill Smead, founder of Smead Capital Management, emphasizes a concentrated investment strategy focusing on resilient companies amid market volatility, drawing parallels to past market cycles. He highlights Warren Buffett's recent stock sales and cash accumulation, suggesting a cautious outlook on equity risk premiums and future returns, reminiscent of the late 1990s. Smead and strategist Barry Bannister warn of potential market corrections as corporate profits soar relative to GDP, echoing Buffett's concerns about high valuations and investor psychology.
Holiday retail sales are projected to rise about 3% this year, reaching nearly $1 trillion, driven by factors like a recent Fed rate cut and lower unemployment. Key categories include grocery stores, general merchandise, and e-commerce, with e-commerce expected to grow by 6.5%. However, challenges remain due to a decline in non-durable goods and a strong focus on services in GDP growth.
Target Corporation
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