Costs were higher, gross margin was lower, there are some challenges, and the price of oil isn't going to help. They are aware of it and getting the price increases now, but the balance of the year is not going to be spectacular.
More Quotes from Sean McGowan:
Part of the reason is the stock's had a decent run-up this year and investors are selling on the news,Sean McGowan
It signals that there's still a lot more to find our about what's going on. Given that they are underscoring the liquidity of each unit, maybe they will hang a 'For Sale' sign on the entire business.
Sean McGowan
There isn't an industry where product prices come down faster than consumer electronics.
Sean McGowan
The prospects for growth for Mattel seem a little easier. In Hasbro's case, they did well last year with Star Wars, but it's going away.
Sean McGowan
I don't think even a strong holiday season would be enough to offset the weakness we've already seen this year. I wouldn't want my job to depend on an up second half.
Sean McGowan
The lists of projected bestsellers we received from the retailers clearly cited that the scooter craze was not just a summer fad. Aside from scooters, there really doesn't appear to be any other dominating property or category this year. Compared to last year, there is a relatively wide range of items that are among the most sought-after products, from electronic dogs to finger bikes, from sports-related video games to Harry Potter.
Sean McGowan
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Philosophers are adults who persist in asking childish questions.
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