Thanks for Visiting!

Register for free to get the full story.

Sign Up
Already have a Placer.ai account? Log In
Back to The Anchor

UPS and Mattel: Boxing Up Holiday Expectations

Thomas Paulson
Oct 28, 2022
UPS and Mattel: Boxing Up Holiday Expectations

This week, UPS discussed its outlook for softer domestic volumes in 4Q22 as well as Amazon having more capacity to internalize its shipping. UPS also indicated that there will be no rollback in shipping rates during 2023, and would be keeping the current higher rate to service a customer digitally ($10.82 per ground package for 2022 versus $8.55 in 2019). On the U.S. holidays, CEO Carol Tome shared, “the current business, here it is, it's almost Halloween, October was good. However, on its 3Q22 update call this week, Mattel shared that quarterly point-of-sales were down mid-single-digits in the U.S. However, Mattel CEO Ynon Kreiz expects an acceleration in 4Q22 and stated, "we expect consumers to spend the same or more this coming Christmas or the holiday season relative to last year. We are seeing purposeful brands and quality toys resonating with consumers now more than ever. And we believe big brands and quality products will end up winning the season…[We also] expect to have more advertising and promotion in the quarter, more shelf space, better representation on the holiday toy list and in-stock inventory. We believe we are well positioned for the coming season and continue to grow next year."

Schedule a Call

Required
Please enter your email
Required
Required

Thanks for reaching out!

I’ll be in touch soon

Go Back
Oops! Something went wrong while submitting the form.

Thomas Paulson

Director of Research and Business Development, Placer.ai

Thomas Paulson spent 20 years as a Wall Street analyst and a member of asset management teams at AllianceBernstein and Cornerstone Capital, representing top-50 ownership positions including Target, Home Depot, Nike, Amazon, Google, and many more.

He brings consumer related expertise and knowledge of enterprises in retail, CPG, financial services, telecom, and entertainment.

Schedule a Call
Related Articles