PAWTUCKET, R.I.— Business for Hasbro is in the toilet, which turns out to be a pretty good place. "I never thought I would actually get to talk about this on an earnings call but, you know, Toilet Trouble is off to a very good start," CEO Brian Goldner told analysts Monday after putting up very strong first-quarter numbers. Shares of Hasbro Inc. touched an all-time high...
*Q1 loss biggest since 2002, misses estimates. April 20- Mattel Inc reported a far bigger-than-expected quarterly loss and drop in sales on Thursday, hurt by poor demand by retailers for key brands Barbie and Fisher-Price and due to big discounts to move inventory left after weak holiday sales. Mattel's shares fell 6 percent to $23.70 after the bell.
"It's essentially isolated to North America and a few markets in Europe," she said, adding that the company had cleared most of the excess inventory. Mattel's sales dropped 15.4 percent to $735.6 million, their steepest fall since 2009 and well short of analysts' average estimate of $801.4 million, according to Thomson Reuters I/B/E/S. The company's net loss...
Richard Branson discusses his perspective on Brexit and his company's global expansion plans.
March 10- Mattel Inc is doubling down to corner a bigger share of China's fragmented yet lucrative toy market, but the success of its efforts hinges on its ability to navigate strict regulation and adapt to local preferences. While Mattel has garnered a nearly 2 percent share of the estimated $31.5 billion toys and games market in China, it has been unable to...
The Japanese may finally get to spend less time at work, but that doesn't mean they'll use it for shopping.
Jan 26- Shares of Mattel Inc plunged nearly 17 percent on Thursday, their worst intraday percentage drop in eight years, after the Barbie maker reported dismal quarterly sales and profit, highlighting a tough holiday quarter for toymakers. At least one brokerage downgraded its rating on Mattel's stock, while 5 other cut price targets. "We don't believe that this...
Jan 25- Mattel Inc, the largest U.S. toymaker, reported holiday-quarter sales and profit that fell far short of analysts' estimates, hurt by increased competition and weak demand in North America. Rival Hasbro Inc's stock fell 4.1 percent to $83.20. Sales in North America, the company's biggest market, fell 7 percent during the quarter, while sales overseas fell 2...
The company's shares were down about 9 percent at $28.67 in after-market trading on Wednesday. Rival Hasbro Inc's stock was down 4.1 percent at $83.20. Mattel's results contradicted an NPD Group report earlier in the day that said the toy industry expanded 5 percent in 2016 as customers took advantage of early Cyber Monday online promotions during...
The world's largest sporting goods maker will transition out of golf clubs, balls and bags to focus on expanding its footwear and apparel business.
Accor, Europe's largest hotel group, has bought the owner of the Fairmont, Raffles and Swissotel hotel chains for $2.9B, the Financial Times reports.
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Tim Parker, chairman of Samsonite International, says the firm has seen five straight years of double-digit growth in sales and profit. He later outlines the growth areas that will help Samsonite double its sales by 2020.
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Mattel said Chief Executive Bryan Stockton has resigned, and warned preliminary fourth-quarter results will fall short of expectations.
The iconic Lincoln Log toy has moved its manufacturing back to the U.S., without hurting its profit margins. Here's a look behind the scenes.
Rob Katz, Vail Resorts chairman & CEO, talks about this winter's upcoming ski trends and how his company is transforming the industry.