Mattel's Profit Trails Estimates as Barbie's Slump Continues

Updated on
  • Headwinds from strong dollar accelerated during third quarter
  • CEO says turnaround on track, helped by cost reductions

Mattel's Barbie.

Photographer: Daniel Acker/Bloomberg

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.

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