Mattel Gains as Barbie’s Comeback Takes Hold With Robust Growth
- Iconic doll line’s sales increase 23 percent in second quarter
- Performance helps company post smaller-than-estimated loss
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Barbie is back.
The doll brand’s sales rose 23 percent in the second quarter, helping Mattel Inc.’s revenue top analysts’ estimates and propelling the shares as much as 3.2 percent higher on Thursday.