Mattel sales soared 47% as parents bought toys with stimulus checks, toymaker raises outlook
By Ulises in Business
Updated 3 years ago
Toymaker Mattel reported a narrower than expected loss, as sales far exceed Wall Street expectations. The company's stock rose more than 7% after the bell. Toymaker Mattel said Thursday that its sales jump 47% as families spent more on toys for their children, helped by more disposable income due to government stimulus checks.