Apr 23, 2024, 8:59 PM
Apr 23, 2024, 8:05 PM

Mattel reports improved demand and narrower loss driven by Hot Wheels growth and lower costs

Highlights
  • Mattel saw improved demand and posted a narrower loss thanks to Hot Wheels growth and lower costs.
  • Net sales were slightly below expectations, but the company's profitability was boosted by increased Hot Wheels sales.
  • Investors reacted positively, with Mattel shares rising after the announcement.

Opinions

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