Mattel (MAT) Q1 2021 results narrower than expected


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.

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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…


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