Mattel Drives Past Tariff Troubles That Sunk Hasbro
Mattel (NASDAQ: MAT) is suddenly looking like the stronger of the two big toymakers, after reporting earnings that beat analyst expectations for sales and profit. In contrast, Hasbro (NASDAQ: HAS) missed projections on both the top and bottom lines last week.
The factor affecting both toymakers was tariffs, but where Hasbro said the import duties thwarted its efforts to control rising costs, Mattel contended that tariffs were barely an inconvenience and powered forward. Since Mattel was supposed to feel the same constraints as its rival, let's see why it was able to circumvent the headwind that took Hasbro down.
Expanding Hot Wheels into trucks is helping to drive segment sales higher. Image source: Hot Wheels.
Source Fool.com
