Mattel raises profit outlook after quarterly sales beat
Mattel raised its annual profit forecast to between $1.27 and $1.39 per share. Steady toy demand and entertainment growth helped quarterly sales beat estimates.
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MATTEL INC raised its annual EPS forecast to $1.27-$1.39 after Q1 sales rose to $862.2 million, beating estimates. The Barbie maker is pivoting to an IP-led strategy to offset a 4.5% decline in adjusted gross margins. Investors are weighing Mattel's entertainment expansion against rising tariff costs and a stronger United States dollar.
