{
Chris Cocks

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001122334455554433221100

toy sales decline prompts mattel and hasbro to lower holiday forecasts

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.
CNBC
United States Dollar Walmart Inc. Hasbro, Inc. Mattel, Inc. USA Chris Cocks Hasbro Mattel Show more
Finance & Economy, Market Report
19:43 24.10.2024
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