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Mattel

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Reuters - 3 days ago

Embracer's Asmodee to cut debt by $1.6 bln ahead of spin-off

UPDATE 2-Embracer's Asmodee to cut debt by $1.6 bln ahead of spin-off Asmodee to reduce debt by 1.5 bln euros Spin-off from Embracer to be completed by end-March 2025 Sees mid-single-digit pct organic growth in medium term Sees mid-term EBITDA margin of above 18% Recasts, adds CEO comments in paragraphs 6 and 11, details and context from paragraph 7 By Jesus Calero Nov 19 (Reuters) - Tabletop game publisher Asmodee said on Tuesday it would reduce its debt by 1.5 billion euros ($1.6 billion) as i
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Reuters - 2 weeks ago

Toymakers Hasbro, Mattel slip as Trump tariff concerns loom

BUZZ-Toymakers Hasbro, Mattel slip as Trump tariff concerns loom ** Shares of toy manufacturers Mattel MAT.O and Hasbro HAS.O fall in mid-day trading ** Donald Trump, who was elected as the next U.S. president, could propose 60% tariffs on U.S. imports of Chinese goods that will hurt toy makers, analysts say ** Mattel down as much as 7.5% to $18.70 - set for its worst day since July 23 ** Hasbro slips as much as 6.5% to $62.62, its lowest since Aug.
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Reuters - 2 weeks ago

Retail stocks tumble as Trump's China tariff threat looms

BUZZ-Retail stocks tumble as Trump's China tariff threat looms Updates ** Shares of retailers with import exposure to China fall after Donald Trump elected U.S. president ** Trump said in February he would impose tariffs exceeding 60% on China , if elected ** Shares of Target TGT.N down ~3%, while Walmart WMT.N down marginally ** Online furniture retailer Wayfair W.N drops ~15% to a near year-and-a-half low, Williams-Sonoma WSM.N down 5%, RH RH.N down ~5% ** Home Depot HD.N and Lowe's LOW.N down
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Reuters - 2 weeks ago

Retail stocks tumble as Trump's China tariff threat looms

BUZZ-Retail stocks tumble as Trump's China tariff threat looms ** Shares of retailers with import exposure to China fall after Donald Trump elected U.S. president ** In Feb, Trump said he would impose tariffs exceeding 60% on China if elected ** Shares of Target TGT.N down nearly 3%, while Walmart WMT.N down marginally ** Shares of online furniture retailer Wayfair W.N down 10%, Pottery Barn-parent Williams-Sonoma WSM.N down 4%, while RH RH.N down nearly 6%, while high-end furniture retailer RH
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Reuters - 4 weeks ago

Hasbro's cost-saving efforts drive profit beat even as toy sales drag

UPDATE 4-Hasbro's cost-saving efforts drive profit beat even as toy sales drag Posts third-quarter revenue below Street estimates Turnaround efforts boost margins to 25.7% Raises annual forecast for digital gaming segment Shares down about 4% in early trade Adds CFO comment in paragraph 3, updates shares By Savyata Mishra Oct 24 (Reuters) - Hasbro HAS.O surpasse d Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, e
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Reuters - 4 weeks ago

Hasbro posts bigger-than-expected quarterly sales drop on weak toy demand

Hasbro posts bigger-than-expected quarterly sales drop on weak toy demand Oct 24 (Reuters) - Hasbro HAS.O on Thursday posted a steeper-than-expected drop in sales for the third quarter as consumers tightened spending on toys, but the company's stringent cost controls boosted margins. Toymakers such as Mattel MAT.O and Hasbro have focused on cost-savings this year to weather a slump in demand for toys.
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Reuters - 4 weeks ago

Mattel Inc reports results for the quarter ended in September 30 - Earnings Summary

Mattel Inc reports results for the quarter ended in September 30 - Earnings Summary Mattel Inc MAT.OQ reported quarterly adjusted earnings of $1.14​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of thirteen analysts for the quarter was for earnings of 95 cents per share.
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Reuters - 4 weeks ago

Mattel up after Q3 profit beat and raised cost savings target

BUZZ-Mattel up after Q3 profit beat and raised cost savings target ** Shares of Barbie parent Mattel MAT.O rise 3.4% at $18.38 after the bell ** Co beat estimates for Q3 profit on cost cuts ** Raised full-year cost savings target to ~$75 million after achieving earlier goal of $60 million and sees $200 million in savings by 2026 ** Raised annual ad
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Reuters - 4 weeks ago

Mattel beats profit estimates on cost controls but trims annual sales forecast

UPDATE 3-Mattel beats profit estimates on cost controls but trims annual sales forecast Mattel beats Q3 profit estimate on margin boost Raises cost savings target to $75 million for 2024 Shares up more than 4% in after-hours trade Adds analysts' comments in paragraph 7,8 By Savyata Mishra Oct 23 (Reuters) - Mattel MAT.O topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial holiday shopping
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Reuters - 4 weeks ago

Mattel trims sales forecast ahead of holiday shopping amid tepid toys demand

Mattel trims sales forecast ahead of holiday shopping amid tepid toys demand Oct 23 (Reuters) - Mattel MAT.O lowered its full-year sales forecast on Wednesday as the Barbie parent heads into the crucial holiday shopping season against the backdrop of muted demand for toys. The company now expects 2024 net sales to be in the range of flat to down slightly from last year's $5.44 billion, compared with its prior estimate of flat on a constant currency basis.
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Reuters - 4 weeks ago

What to Watch in the Day Ahead - Wednesday, October 23

What to Watch in the Day Ahead - Wednesday, October 23 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Wall Street expects Tesla to post a 9% rise in quarterly revenue when the electric vehicle maker reports third-quarter results.
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Reuters - 1 month ago

Mattel Inc <MAT.OQ> expected to post earnings of 95 cents a share - Earnings Preview

Mattel Inc expected to post earnings of 95 cents a share - Earnings Preview Mattel Inc MAT.OQ MAT.O is expected to show a fall in quarterly revenue when it reports results on October 23 for the period ending September 30 2024 The El Segundo California-based company is expected to report a 3.2% decrease in revenue to $1.858 billion from $1.92 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.
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Reuters - 1 month ago

What to Watch in the Week Ahead and on Monday, October 21

What to Watch in the Week Ahead and on Monday, October 21 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Federal Reserve Bank of Dallas President Lorie Logan will speak and participate in a moderated question-and-answer session before the 2024 SIFMA (Securities Industry and Financial
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Reuters - 1 month ago

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta Oct 14 (Reuters) - Adobe ADBE.O on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative artificial intelligence. The Firefly Video Model, as the technology is called, will compete with OpenAI's Sora, which was introduced earlier this year, while TikTok owner ByteDance and Meta
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Reuters - 1 month ago

New York Times business news - Oct 14

PRESS DIGEST- New York Times business news - Oct 14 Oct 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Mattel MAT.O is recalling all models of its Fisher-Price Snuga infant swings after five deaths were reported from suffocation hazards between 2012 and 2022, the U.S.
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Reuters - 1 month ago

Mattel recalls Fisher-Price Snuga infant swings on suffocation risks after five deaths

Mattel recalls Fisher-Price Snuga infant swings on suffocation risks after five deaths Oct 10 (Reuters) - Mattel MAT.O is recalling all models of its Fisher-Price Snuga infant swings after five deaths were reported from suffocation hazards between 2012 and 2022, the U.S. consumer protection authority and the toymaker said on Thursday. The Snuga Swing, targeted at infants of up to nine months of age, has both front-to-back and side-to-side motions and comes in 21 different models.
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Reuters - 1 month ago

Mattel Hot Wheels & Formula 1 Announce Partnership

BRIEF-Mattel Hot Wheels & Formula 1 Announce Partnership Oct 9 (Reuters) - Liberty Media Corp FWONA.O : MATTEL: HOT WHEELS & FORMULA 1 ANNOUNCE PARTNERSHIP Source text for Eikon: ID:nBwkJ6nta Further company coverage: FWONA.O
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Reuters - 2 months ago

Retailers with highest number of shipments into US East Coast ports

FACTBOX-Retailers with highest number of shipments into US East Coast ports NEW YORK, Oct 3 (Reuters) - The largest dockworker strike in nearly fifty years has entered its third day at U.S. East Coast ports, threatening shortages of goods ranging from bananas to auto parts and causing a backlog of ships anchored outside major ports. Major retailers are implementing back-up shipping plans to ensure goods arrive in time for the peak holiday season.
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Reuters - 2 months ago

US retailers scramble ahead of holidays amid port strike

UPDATE 3-US retailers scramble ahead of holidays amid port strike Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports Consumers engage in panic buying, fearing shortages and price hikes Adds comments from Gristedes in paragraph 19, 27 and Stew Leonard's in paragraph 20 By Savyata Mishra and Jessica DiNapoli Oct 3 (Reuters) - Major U.S.
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Reuters - 2 months ago

US retailers look to back-up shipping plans to prep for holidays as strike continues

US retailers look to back-up shipping plans to prep for holidays as strike continues Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports By Savyata Mishra, Jessica DiNapoli Oct 3 (Reuters) - Major retailers from Levi Strauss LEVI.N to Costco COST.O are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday sea
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