Rival toymaker Hasbro reported disappointing earnings last week, and Mattel faces similar headwinds from tariffs and store closures.
Tariff-related uncertainty caused chaos on the cusp of the company's most important season.
A company that turns toys into movies and TV buys a company whose cartoons make great toys.
The industry is living under threat of tariffs on toys manufactured in China.
Mattel and Hasbro will both report their earnings this week. Mattel reports Thursday after the market closes, and Hasbro reports Friday. Combined, these two companies will give us a sense of how the toy industry fared during the all-important holiday season and how they’re coping with the closure of retailer Toys R Us.
Toymaker Hasbro will report second-quarter earnings later this morning. Earlier in 2018, the company reported that first-quarter revenue had fallen by 16 percent compared with the same period last year. It’s been a tough couple of months as retailer Toys R Us went bankrupt and closed hundreds of stores. But Hasbro is finding new shelves […]
Toy giant Hasbro has partnered with Hollywood companies to produce films based on its brands like Transformers, G.I. Joe and Battleship. Now it wants to take that business in-house, and finance the movies itself. With toy retailers in trouble, including the recent bankruptcy filing of Toys R Us, movie profits look like a more attractive […]
Hasbro, the toy and game powerhouse, reports its second quarter earnings today . So far this year, the company has been going strong, beating expectations, which is not the case for its rival, Mattel. We explore why the companies may be trading fortunes. Click the audio player above to hear the full story.