Mattel Cuts Outlook, Retains Top Executive to Help Steer Ship
By Connor HartMattel cut its full-year outlook ahead of the all-important holiday season, after sales came up short during the recent quarter.The maker of Barbie dolls and Hot Wheels cars also on Thursday said it would retain a top executive as a key lieutenant to assist new Chief Executive Roger L…
Story updates
09:47:08 PM UTC
SquawkNews
Mattel cuts its full-year outlook ahead of the all-important holiday season, after sales came up short during the recent quarter. Third-quarter sales rose 4.1% to $1.81 billion, short of Wall Street estimates for $1.84 billion, according to FactSet. Strength in Hot Wheels helped offset continued de…