Mattel shares plunge on 2019 forecast

FAN Editor
The Mattel company logo is seen at the 114th North American International Toy Fair in New York City
FILE PHOTO: The Mattel company logo is seen at the 114th North American International Toy Fair in New York City, U.S., February 21, 2017. REUTERS/Stephanie Keith

February 15, 2019

(Reuters) – Mattel Inc said on Friday gross sales for 2019 are expected to be flat, sending its shares down 18 percent.

The toy maker also said first-quarter gross sales are expected to be lower than a year earlier.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Anil D’Silva)

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