Mattel Q3 net profit up 27%, but lowers annual guidance
MAT Mattel Inc
$15.35 +2.54%
View chart & analysis → - 1Mattel recorded Q3 net sales of $1.8 billion, achieving a 4% year-over-year increase in net sales.
- 2Mattel recorded net profit of approximately $354 million, representing a 27% increase in net profit.
- 3Mattel lowered its annual net sales growth forecast from the previous 3% to 6% to 1% to 4%.
So what's the key point?
Mattel's third-quarter net profit increased by 27%. However, the expected sales growth rate for the full year has been lowered.
Source The Wall Street Journal +1 · View original ↗
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