Hasbro’s disappointing fourth quarter – sales tumbled 23% compared to a year ago, the company said on Tuesday – comes on the heels of archrival Mattel’s flat sales forecast for 2024 last week.
Mattel CEO Ynon Kreiz reports double-digit revenue and profit growth in the fourth quarter, with significant margin expansion. The company generated more than $700 million in free cash flow , two.
After milestone year Mattel targets $200M in cost savings retaildive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from retaildive.com Daily Mail and Mail on Sunday newspapers.