As Hasbro struggles, Mattel has all the momentum in toy land.
Hasbro (HAS) reported fourth-quarter sales and profits that missed forecasts. Its stock fell nearly 5% Friday.
Hasbro’s own toy brands, including Nerf, My Little Pony and Transformers, posted a decline in sales.
But don’t count out Hasbro just yet.
Hasbro could very well rebound this year since Disney has a ridiculous slate of movies on the 2019 release calendar, including “Captain Marvel” and “Avengers: Endgame,” Pixar’s “Toy Story 4,” “Frozen 2,” and the yet to be titled Star Wars: Episode IX.
Mattel (MAT), by contrast, relies on its core franchises, including Barbie and Hot Wheels. Both reported stro