Barbie maker Mattel plunges as cautious shoppers, lack of digital games weigh on forecast

Citi, JPMorgan downgrade Mattel after earnings miss and disappointing guidance

Shares of Mattel plunged 28% in Wednesday's premarket trading session.

Mattel’s sales slump amid lower US consumer spending

Mattel’s shares slumped 31% after weak December sales, which the toymaker behind Barbie blamed on US tariffs. Most of its products are made overseas, and retailers delayed orders in the face of uncertainty. Exports of French wine to the US also fell because of protectionism, bad news for an industry already struggling with a glut and a collapse in Chinese demand. But the declines may also reflect a wider slowdown in US consumer spending: Sales o…

Barbie maker Mattel misses quarterly estimates, shares plunge in post market

Toymaker’s shares fall 21% as weak discretionary spending weighs on demand

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