Mattel Posts Steeper Sales Decline than Expected on Weak Barbie Demand
NORTH AMERICA, JUL 23 – Mattel's net profit fell 6% to $53.4 million in Q2 due to a 19% drop in doll sales and trade uncertainties, with North America sales down 16%, executives said.
Summary by The Globe & Mail
9 Articles
9 Articles
Mattel is struggling to sell Barbies
Mattel's doll sales dropped by 19% in the latest quarter.Talia Lakritz/Business InsiderMattel is having a hard time selling its Barbie dolls.The toy company saw its dolls category sales drop 19% in the latest quarter.Company execs said this was due to fewer new Barbie launches in the latest quarter.Barbie dolls aren't flying off the shelves for toymaker Mattel.On Wednesday, the toy company reported in its second-quarter earnings that its dolls c…
·United States
Read Full ArticleCoverage Details
Total News Sources9
Leaning Left3Leaning Right1Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
Factuality
To view factuality data please Upgrade to Premium