Reported about 11 hours ago
Mattel reports growth in sales of Uno cards and American Girl dolls, with both items showing strong performance as Barbie and Polly Pocket sales decline. Despite a 6% drop in quarterly sales and a 25% decline in net income, the company remains optimistic about meeting its 2025 sales goals, attributing some of the downturn to retailers altering their order strategies due to tariffs. Retailers are increasingly relying on Mattel for shipping and warehousing, allowing for more flexibility in their inventory management.
Source: YAHOO