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Jan 31, 2014
Jan 31, 2014
Jan 31, 2014

Mattel disappoints in holiday quarter on U.S. weakness

By Dhanya Skariachan

(Reuters) – No. 1 toy company Mattel Inc (MAT.O: Quote, Profile, Research, Stock Buzz) missed Wall Street’s profit and sales estimates for the fourth quarter on weak demand in the United States during the all-important holiday selling season.

The latest holiday season turned out to be one of the weakest since 2008, when the U.S. economy was reeling from a recession. Bad weather, limited discretionary dollars for many shoppers and six fewer days between Thanksgiving and Christmas in 2013 hurt U.S. sales for many retailers.

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