Mattel's Profit Trails Estimates as Barbie's Slump ContinuesBy
Headwinds from strong dollar accelerated during third quarter
CEO says turnaround on track, helped by cost reductions
Mattel Inc. posted third-quarter profit that trailed analysts’ estimates as Barbie sales continued their long decline, a sign that the turnaround plan at the world’s largest toymaker hasn’t gained enough traction.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.