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.
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