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Chief Financial Officer Gina Goetter on Thursday said the toymaker has managed uncertain trade dynamics and protected margins through cost productivity and pricing discipline, allowing it to continue advancing its transformation initiatives.
Mattel fell 6.4% after the toymaker’s third-quarter earnings and revenue fell short of expectations.
Mattel Inc. on Tuesday said it expects a “good” holiday season, but that didn’t do much for the toymaker’s full-year forecast, and shares dropped after the company’s third-quarter results missed Wall Street’s expectations.
The country’s largest toymaker, Mattel, has been boosted by its Hollywood ambitions in recent years, but its biggest theatrical hit, “Barbie,” was based on its iconic line of dolls.
Mattel, the toymaker behind Barbie and Hot Wheels, is laying off 120 workers from its El Segundo headquarters, according to a notice provided to state and local officials.
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