Breaking Business News: Mattel Inc and Hasbro Inc Lower Guidance for 2024

Thursday, 24 October 2024, 17:58
Breaking news from the retail industry reveals that Mattel Inc and Hasbro Inc have lowered their guidance for 2024 ahead of the holiday season. As toy sales continue to decline during the third quarter, this adjustment has raised concerns among investors and industry analysts. With earnings reports indicating challenging market conditions, the business outlook for these two toy giants looks uncertain.
Cnbc
Breaking Business News: Mattel Inc and Hasbro Inc Lower Guidance for 2024

Business News: Mattel Inc and Hasbro Inc Adjust Guidance

In a surprising turn of events, Mattel Inc and Hasbro Inc have both lowered their earnings guidance for the upcoming holiday season. This decision comes as both companies face declining sales in the competitive retail industry.

Third Quarter Earnings Report

  • Mattel Inc reported a significant drop in toy sales.
  • Hasbro Inc experienced similar challenges, prompting the guidance revision.

Implications for Investors

As these toys giants prepare for a potentially challenging holiday season, analysts predict a tough road ahead for investors. Business dynamics in the toy sector have clearly shifted, causing concern among stakeholders.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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