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...The annual rush to sign off on financial statements has this week exposed issues at companies ranging from the chemicals giant Chemours to the toymaker Mattel....
...Mattel persisted, releasing the ad “Imagine the Possibilities” on YouTube....
...Lego's revenues are more than 50 per cent bigger than Mattel and Hasbro, but it's a fraction of the size of Disney....
...The movie, expected to be a breakout success at the box office this weekend, could make Mattel’s rags-to-riches fairytale come true....
...Mattel’s strategy was “never about one movie”, he added....
...The stock is trading on 14 times forward earnings, on a par with Mattel. This seems overpriced given that Mattel has fared better sales-wise....
...Mattel is just as enthusiastic an exploiter as any studio of its brands, which include Hot Wheels, American Girl and Barney....
...and the profit-hungry, all-male executive team, you sense real-life Mattel CEO Ynon Kreiz being gently nudged to the limits of his indulgence....
...In the toy category, sales of Mattel’s Barbie dolls have been especially strong since last summer’s release of the popular film Barbie....
...Mattel was confident enough to be “in on the fun”, Ynon Kreiz, its chief executive, told the Financial Times....
...Gap Inc is currently in crisis. Its brands — Old Navy, Gap, Athleta and Banana Republic — face weak or falling sales and the business is lossmaking....
...Even so, Mattel, the maker of Barbie dolls and Hot Wheels cars, said it had swelled inventories in anticipation of holiday demand....
...Mattel is set to release its first-quarter earnings on Wednesday....
...That was about 10 per cent of Mattel’s annual revenue. Mattel’s shares were flying on Wednesday....
...“It’s important in that it speaks to the strength and capabilities of the new Mattel,” he told the Financial Times....
...Mattel, the maker of Barbie dolls and Hot Wheels cars, reported last week that its inventories were up 43 per cent year on year, for example, while rival Hasbro also had unusually high inventory levels as...
...When Mattel launched Barbie in 1959, few could have predicted she would go on to become a household name, synonymous with fashion, success and… controversy....
...Mattel’s stock has outpaced Hasbro since the start of last year....
...But Mattel also cannot count on the pandemic sales bump to last indefinitely. Selling digital collectibles should not distract Mattel from its core toy business....
...Mattel shares rose nearly 7 per cent in after-hours trading to $22.33....
...Mattel’s 2020 included its two biggest increases in quarterly sales in almost a decade....
...Mr Kreiz argued the quarterly boost was no flash in the pan, adding that Mattel had taken market share from rivals in the period....
...Then again, its forecast operating profit growth, up by half in three years, looks much faster than rival Mattel’s....
...Mattel’s market value has more than halved since 2016. MGA has made informal offers to buy Mattel but has been rebuffed....
...However, Mattel and PwC said that having considered “the nature and severity of these matters”, the impartiality Mattel’s outside auditor had “not been impaired”....
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