1353 ET - Mattel's 3Q sales were hurt last year by industry-wide shifts in ordering patterns, as retailers more cautiously managed their inventories amid macroeconomic and trade uncertainty. This year, though, ordering trends seem to have stabilized, Mattel CFO Paul Ruh says at the Goldman Sachs Global Consumer and Retail Conference. Sales may be a bit more concentrated toward the back half of the year, Ruh says, but recent activations and a strong slate of upcoming movie releases give the toymaker confidence to achieve its full-year outlook. On the bottom line, higher costs for commodities, packaging materials, labor and fuel pose a headwind, Ruh says. But those are being offset by favorable foreign exchange rates and lower-than-expected tariff costs, he adds.
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