Consumer
Mattel Reissues Forecast, Says Stores’ Slow Orders Cut Sales
The Mattel, Inc. headquarters in El Segundo, California.
Photographer: Patrick T. Fallon/AFP/Getty ImagesMattel Inc. introduced a new forecast for 2025 sales and profit — two months after pulling its previous outlook over the uncertainty tied to President Donald Trump’s tariff policies.
The maker of Thomas & Friends locomotive toys expects sales growth of 1% to 3% for the year, according to a statement Wednesday. That compares with the rescinded projection of 2% to 3%. Earnings will be $1.54 to $1.66 a share. It had earlier forecast up to $1.72 a share.