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Earnings Results: Unlike Mattel, Hasbro says the holidays weren’t much different from years past

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Hasbro says the data doesn’t take into account the different global regions that contributed to its fourth-quarter earnings.

Toy giants Mattel Inc. and Hasbro Inc. had completely different holiday seasons, according to company executives, and quarterly results, with Mattel reporting an earnings miss for the period and Hasbro announcing a fourth-quarter beat. International business may be the difference.

Mattel MAT, +0.39% cited “a significant decline in industry sales” and an NPD Group report showing a change in shopping patterns to explain earnings and sales that missed estimates.

See also: Mattel’s earnings miss has some analysts questioning the company’s turnaround

MarketWatch

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