Barbie-maker Mattel misses quarterly estimates on North America weakness, shares slump
NegativeFinancial Markets

Mattel, the company behind the iconic Barbie brand, has reported disappointing quarterly earnings, primarily due to weaker-than-expected sales in North America. This shortfall has led to a significant drop in their stock prices, raising concerns about the company's future performance. The decline highlights the challenges faced by toy manufacturers in a competitive market, making it crucial for Mattel to adapt its strategies to regain consumer interest.
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