Apr 23, 08:20 PM

Mattel's Barbie Sales Boost Profits, Hasbro Reports Strong Earnings Amid Turnaround Efforts

Mattel's quarterly loss was smaller than expected, attributed to cost cuts and strong sales of Hot Wheels cars. Barbie sales boosted profits, but overall sales missed forecasts. Despite the earnings beat, Mattel's stock dropped. On the other hand, Hasbro reported a stronger-than-expected profit with a smaller drop in sales, citing progress in turnaround efforts. Hasbro's brand strength led to earnings topping expectations, resulting in a significant rise in shares.

#Mattel #Hot Wheels #Barbie #Hasbro

Written with ChatGPT (GPT-3).