Mattel, Hasbro Ahead Of Earnings, Holiday Season: JPMorgan Says Consumers 'Remain Soft'

JPMorgan offered a preview of third-quarter earnings for Mattel, Inc. (NASDAQ:MAT) and Hasbro, Inc. (NASDAQ:HAS) before the toymakers report later this week. 

Mattel: JPMorgan analyst Christopher Horvers highlighted Mattel's success in expanding shelf space at major retail partners which coincides with Barbie's 65th Anniversary and the release of Mini Barbie Land and Barbie Dreamworld. 

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While the analyst said the stock's setup is starting to improve, he also warned consumers remain soft and "very choiceful in how they spend money."

Horvers also pointed to a shorter holiday season with five fewer days between Thanksgiving and Christmas as well as the presidential election as potential drags on Mattel's stock. 

The JPMorgan analyst maintained a Neutral rating on ...