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…
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 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…
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 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 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…
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…
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…
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,…
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…
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….
The use of sex toys has become a “thing” in our society today. While some people see it as an alternative to men, some others see it as an added pleasure, hence they use them with their partners. The world of sex toys has been inviting and inclusive, offering new possibilities for women to…
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…
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…
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 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…
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…
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…
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…
A Hollywood celebrity now has their own Barbie. On NBC’s TODAY show Wednesday, the morning staple welcomed Laverne Cox, transgender star of Orange is the New Black. Cox was all dolled up, which might not have been coincidental. Today.com delivers the news: To celebrate her 50th birthday on May 29, the Emmy-award winning actor and…