Mattel, Hasbro lower guidance ahead of holiday season
Mattel(MAT) CNBC·2024-10-25 01:43
Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Mattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue to slide during the third quarter.Earnings per share for both toy giants beat out Wall Street expectations while revenue missed, according to consensus estimates compiled by LSEG.But mixed results for both companies' third quarters were reflected in the updated year-end guidance for 2024.Mattel said it expects sales ...