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
- 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.
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