Retail

Mattel (MAT) Q1 2021 results narrower than expected

0


Mattel Inc. Barbie brand dolls are displayed for sale at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. A PWC survey shows that 36% of consumers surveyed plan to shop on Black Friday. Deals will ultimately dictate where spending and visits go.

Bloomberg | Bloomberg | Getty Images

Toymaker Mattel said Thursday that its sales jumped 47% as families spent more on toys for their children, helped by more disposable income due to government stimulus checks.

The company’s stock rose more than 8% in extended trading.

Typically, the first quarter is a weak period for toy sales, as it follows the influx of holiday sales during the previous quarter.

Mattel CEO Ynon Kreiz…



Source cnbc.com

SpaceX and NASA Crew-2 astronaut launch: What you should know

Previous article

Credit Suisse sees a ‘multi-decade’ investment opportunity in clean energy

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Retail