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via retaildive.comBusiness & Companies

Mattel cuts forecast as Barbie stumbles ahead of the holidays

FROM THE WIRE · RETAILDIVE.COM

When asked if he had a catchphrase or mission statement, CEO Roger Lynch on his first earnings call said, “Oh give me a break, I just got here.”

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA forecast cut by a toy maker can weigh on the stock and the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Mattel cut its forecast ahead of the holidays.
  2. 02Barbie is showing weak performance.
  3. 03CEO Roger Lynch held his first earnings call.

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