Mattel says retailers skittish about stocking up on toys, but sticks with outlook

Mattel says retailers skittish about stocking up on toys, but sticks with outlook

Toy maker Mattel Inc. on Wednesday reported better-than-expected first-quarter results and held to its full-year outlook — despite concerns about demand for action figures, games and Barbie dolls. The results arrived ahead of the release of the “Barbie” movie, set to hit theaters in July. Executives for Mattel MAT said that retailers, who have bought…

GameStop surges on surprise earnings beat, lifting meme stocks AMC and Bed Bath & Beyond  

GameStop surges on surprise earnings beat, lifting meme stocks AMC and Bed Bath & Beyond  

Shares of AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc. soared in premarket trading Wednesday, as fellow “meme stock” GameStop Corp. skyrocketed after the consumer electronics and video games seller reported a surprise fiscal fourth-quarter profit. GameStop’s GME, +40.79% stock extended its sharp bounce Tuesday off a two-year low after its earnings report,…

GameStop stock soars nearly 50% on surprise quarterly profit, higher sales

GameStop stock soars nearly 50% on surprise quarterly profit, higher sales

GameStop Corp. stock jumped 48% in the extended session Tuesday after the specialty retailer reported a surprise quarterly profit and sales that were above Wall Street expectations. The retailer is “aggressively focused on year-over-year profitability improvement while still pursuing pragmatic long-term growth,” Chief Executive Matt Furlong said at the company’s call after the results. GameStop…

An action-figure hangover is hurting Mattel’s stock and outlook

An action-figure hangover is hurting Mattel’s stock and outlook

Executives at toy maker Mattel Inc. said they expect growth this year in dolls such as Barbie and toy cars such as Hot Wheels. One not-so-hot spot for the year ahead? Action figures. UBS analysts, in a note dated Wednesday recapping a conversation with Mattel’s MAT, -10.68% management, said executives were expecting a big drop…

GameStop’s turnaround plan has proved ‘fruitless’ so far, says analyst

GameStop’s turnaround plan has proved ‘fruitless’ so far, says analyst

GameStop Corp. reported its seventh consecutive quarterly loss after the market closed on Wednesday and highlighted its goal of returning to profitability in the near term, but analysts warn there are plenty of challenges ahead. “Throughout 2021 and 2022, we were extremely focused on repairing our decayed foundations,” said GameStop GME, +8.54% CEO Matt Furlong…

GameStop stock falls on worse-than-expected quarterly loss, revenue decline 

GameStop stock falls on worse-than-expected quarterly loss, revenue decline 

GameStop Corp. reported third-quarter results that missed analysts’ estimates as well as a revenue decline after the market close on Wednesday. GameStop GME, -4.83% said it lost $94.7 million, or 31 cents a share, in the third quarter, compared with a loss of $105.4 million, or $1.39 a share, in the prior year’s quarter. Adjusted…

Black Friday on track to top $9 billion in online sales for first time

Black Friday on track to top $9 billion in online sales for first time

Recession worries and inflation are taking their toll on Black Friday, but the shopping holiday was still expected to top $9 billion in online sales for the first time after initial results were tabulated. Online sales for one of the biggest shopping days of the year were expected to reach $9 billion, up 1% on…

Singer BurnaBoy shows off his new toys, a Lamborghini Aventador SVJ worth $1m and a Maybach (photos/video)

Singer BurnaBoy shows off his new toys, a Lamborghini Aventador SVJ worth $1m and a Maybach (photos/video)

Nigerian singer, Burna Boy has added two exotic cars to his fleet of cars. In a video shared on his Instastories, BurnaBoy revealed he has acquired a Lamborghini Aventador SVJ and a Maybach. Watch the video he shared below…      View this post on Instagram           A post shared by Lindaikejiblog (@lindaikejiblogofficial) The post Singer BurnaBoy shows off his new toys, a Lamborghini…

Funko stock cut in half as earnings shrink and holiday forecast calls for no growth

Funko stock cut in half as earnings shrink and holiday forecast calls for no growth

A figure previously provided for Funko’s relocation costs was inaccurate. This story has been updated. Funko Inc. shares are on track to lose half their value Friday, after the company known for its Pop line of collectible figurines detailed a surprising earnings decline and slashed its annual forecast ahead of the holiday season. Funko FNKO,…

Sex toys cover highway after a hauling truck got involved in an accident (video)

Sex toys cover highway after a hauling truck got involved in an accident (video)

An Oklahoma highway got littered with sex toys after a semitrailer hauling the items and lubricants overturned and spilled its “love loads”.    Footage from the crash site shows an overturned truck with hundreds of boxes with metal cans and pink labels spilled out onto the highway on the western end of Oklahoma city. No one was…

GameStop: Cash burn, lack of profitability loom large over meme stock darling

GameStop: Cash burn, lack of profitability loom large over meme stock darling

Meme stock GameStop has been on a wild ride in the last couple of years, but cash burn and lack of profitability loom large over the video game retailer. Last week GameStop Corp’s GME, +0.98% stock surged after the the company reported a narrower-than expected loss and also announced a partnership with cryptocurrency exchange FTX….

Bed Bath & Beyond stock rockets ahead of ‘strategic update’

Bed Bath & Beyond stock rockets ahead of ‘strategic update’

Shares of Bed Bath & Beyond Inc. BBBY, +6.25% soared Monday, to buck broad-market weakness for a second day, as meme-stock investors expressed optimism ahead of the home goods retailer’s strategic update. The stock rocketed 24.8% to close Monday at $13.35 while the S&P 500 index SPX, -0.36% slipped 0.7%. The stock shot up another…

It’s a Tom Jones rally but it may be overbought, say analysts

It’s a Tom Jones rally but it may be overbought, say analysts

The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Futures early on Friday are firmer again, but inevitably there are some observers still wary of the recent bounce. “Obviously, a…

My dude, that’s a TOY! NYPD 121st Precinct bragging about getting an Orbeez gun off the streets BACKFIRES (pun intended) – twitchy.com

My dude, that’s a TOY! NYPD 121st Precinct bragging about getting an Orbeez gun off the streets BACKFIRES (pun intended) – twitchy.com

We don’t know about YOU guys, but we can sleep better at night knowing NYPD 121st Precinct is keeping toy guys off the streets. Don’t make that face … we’re not making this up. Case in point. Last night, great work by our public safety officers whom removed an Orbeez gun off of our streets….

GameStop terminates CFO, reportedly plans layoffs; stock falls

GameStop terminates CFO, reportedly plans layoffs; stock falls

GameStop Corp. shares fell in after-hours trading Thursday, after the company revealed that its chief financial officer had been terminated amid reports of layoffs. GameStop GME stock declined more than 5% in the extended session after Axios reporter Stephen Totilo reported that an internal email had disclosed the departure of CFO Mike Recupero and “a…

Ibram Kendi Worries His Toddler’s Attachment to a Doll Might Summon the ‘Smog of White Superiority’ – RedState

Ibram Kendi Worries His Toddler’s Attachment to a Doll Might Summon the ‘Smog of White Superiority’ – RedState

The world is a colorful place, and that’s likely never been more true. In fact, we’re told to see color everywhere we look. It’s a noted change from mere years ago, when the culture appeared intent upon a colorblind climb up Mount Unity. So far as I can tell, the climb’s been #canceled: Professors Teach…

GameStop reports widening loss, keeps inventories higher to sidestep supply-chain snags

GameStop reports widening loss, keeps inventories higher to sidestep supply-chain snags

Fixes headline to reflect that GameStop’s loss widened during the quarter. GameStop Corp. stock rose slightly in the extended session Wednesday after the specialty retailer reported a narrower-than-expected quarterly loss and said it was keeping inventories higher to sidestep supply-chain problems. GameStop GME, -2.68% said it lost $158 million, or $2.08 a share, in the…

Opinion: From ‘Borgen’ to ‘Umbrella Academy,’ here’s what’s worth streaming in June 2022

Opinion: From ‘Borgen’ to ‘Umbrella Academy,’ here’s what’s worth streaming in June 2022

Summer used to be a time for TV viewers to take some time off, let their brains recharge and wait for their favorites to return in the fall. But no more. While the start of summer does mean a merciful end to the glut of streaming programming over the past couple of months ahead of…