HAS Jan 2024 77.500 put
| Previous Close | 10.00 |
| Open | N/A |
| Bid | 9.90 |
| Ask | 10.50 |
| Strike | 77.50 |
| Expire Date | 2024-01-19 |
| Day's Range | 10.00 - 10.00 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 18 |
- Reuters
UPDATE 1-Mattel forecasts 2023 profit below estimates as inflation hits demand
Mattel Inc forecast 2023 earnings below estimates on Wednesday, joining rival Hasbro Inc in feeling the brunt of persistently high inflation that has hit demand for its action figures and Barbie dolls. While the toy industry has historically been more resilient to economic downturns than other discretionary sectors, Mattel said demand dropped off suddenly and sharply in October and November, leading to more profit-margin denting clearance sales to get rid of excess inventory. "As we enter 2023 we expect it to be a challenging environment for consumers, not just in toys, but in general, so there could be volatility," Mattel Chief Executive Officer Ynon Kreiz told Reuters.
- Reuters
Mattel forecasts 2023 profit below estimates as inflation hits demand
(Reuters) -Mattel Inc forecast 2023 earnings below estimates on Wednesday, joining rival Hasbro Inc in feeling the brunt of persistently high inflation that has hit demand for its action figures and Barbie dolls. While the toy industry has historically been more resilient to economic downturns than other discretionary sectors, Mattel said demand dropped off suddenly and sharply in October and November, leading to more profit-margin denting clearance sales to get rid of excess inventory. "As we enter 2023 we expect it to be a challenging environment for consumers, not just in toys, but in general, so there could be volatility," Mattel Chief Executive Officer Ynon Kreiz told Reuters.
- Reuters
Mattel forecasts 2023 profit below expectations as inflation hits demand
Mattel Inc forecast 2023 earnings below analyst expectations on Wednesday, joining rival Hasbro Inc in feeling the brunt of stubbornly high inflation that has hit demand for toys and games. While the toy industry has historically been more resilient to economic downturns than other discretionary sectors, Mattel said demand dropped off suddenly and sharply in October and November, leading to more profit-margin denting clearance sales to get rid of excess inventory. "As we enter 2023 we expect it to be a challenging environment for consumers, not just in toys, but in general, so there could be volatility," Mattel Chief Executive Officer Ynon Kreiz told Reuters.
