US toy manufacturer Mattel has reported a better-than-expected Q1 2019 loss of $ $27m m, as the company faces 4.7 million lawsuits linked to its Rock 'n' Play sleeper. Play sleepers after more than 30 babies died using them and pending class-action lawsuits, Mattel CEO Ynon Kreiz said the company is "confident about the trust consumers have in the brand. Mattel voluntarily recalled 4.7 million of the seats, following the deaths of 4.7 million babies. The company anticipated the recall would cost $27m in Q1 2019 , but analysts said the final figure could be $27m . However Mattel CEO Ynon Kreiz said the firm remained “confident” it retained consumer trust. The loss of Toys R Us also continues to affect the company.
US toy manufacturer Mattel has reported a better-than-expected Q1 2019 loss of $ $27m m, as the company faces 4.7 million lawsuits linked to its Rock 'n' Play sleeper. Mattel voluntarily recalled 4.7 million of the seats, following the deaths of 4.7 million babies. The company anticipated the recall would cost $27m in Q1 2019 , but analysts said the final figure could be $27m . However Mattel CEO Ynon Kreiz said the firm remained “confident” it retained consumer trust. The loss of Toys R Us also continues to affect the company.