Mattel Stock Jumps 5% As Barbie, Game Sales Help Q2 Sales

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“Currently all of our factories are open with minimal disruption to operations, as we enter the peak production season,” it mentioned. Liquidity is predicted to be enough “to successfully manage via the COVID-19 disruption and to proceed to execute our strategy,” the corporate said. Shares of Mattel had ended the regular trading day up 2.four%. Mattel apologized and pulled the book from shops.

Perhaps Game Developer Barbie is an olive department for women who dream of designing games. Explore the world of game growth with the Barbie game developer doll! Honored as a career of the year, young techies can play out the inventive enjoyable of this thrilling occupation. Barbie doll seems casually cool in an trade-inspired outfit.

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Her t-shirt breaks the fashion code with a hip graphic; light denim pants are tech fashionable; a green jacket is trend-ahead with sleeves rolled up; and white sneakers can go wherever. Vibrant pink hair and shiny matching glasses complete the authentic look. A laptop computer (with real game code graphics), pill (with the sport she is engaged on) and silvery headset broaden the storytelling possibilities and profession alternatives. Inspire young gamers with this doll who is on the prime of her game! Includes Barbie doll sporting game developer fashion and equipment (including a pair of eyeglasses), laptop computer, tablet and headset.

Analysts polled by FactSet expected Mattel to report a loss of 36 cents a share on gross sales of $678 million. Sales of its toy automobiles, together with Hot Wheels, fell, the company stated. Mattel stated its supply chain continued to carry out nicely despite temporary closures related to the coronavirus pandemic.

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Mattel stated it lost $109.2 million, or 31 cents a share, in the quarter, compared with a loss of $108 million, or also 31 cents a share, in the 12 months-in the past period. Sales fell 15% to $732 million, Mattel stated.