-Weak toy sales
-Weak game sales
-Hasbro cutting 20% of its workforce
Christmas time is supposed to see an uptick in gifts like this.
But not in Joe Biden’s America.
Toy maker Mattel just announced a 10% revenue increase to $1.6B, beating analysts' estimates w a 4Q earnings of $130.5 million. Toys sales soared & helped Mattel snag its highest growth rate in 15 years the company's CEO said.