Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, June 3rd, and I'm your host, Kim Khan. Our top story so far. It's Studio Head Barbie, and it comes with her very own green light.

Toymaker Mattel has announced the formation

of Mattel Studios, combining its film and television units to form the new entity as it looks to produce

entertainment driven by its brands. Mattel films president, Robbie Brenner, who joined the company

in 2018, was named president and chief content officer of the combined unit. She will report

to the company's

chairman and CEO, Enon Crease. Crease says, our vision for Mattel Studios to collaborate with

leading creators to make standout quality content based on Mattel's iconic brands that will resonate

in culture and appeal to global audiences. Mattel's flagship brand is Barbie,

which was used to launch one of the biggest movies of 2023.

The company's portfolio also includes Hot Wheels, Fisher Price,

Thomas and Friends, American Girl, Matchbox, Uno,

Masters of the Universe, Polly Pocket, and Monster High.

For investors, the creation of Mattel Studios could create extra value as a potential

spin-off candidate in the future. Among active stocks, Dollar General is popping after beating Q1

estimates and increasing its full-year guidance, but management stress the tariff environment

remains, quote, highly dynamic. Looking ahead, the retailer sees full-year comparable sales

growth of 1.5 to 2.5% versus prior

outlook for 1.2 to 2.2%. EPS of 520 to 580 is anticipated for the full year, mid-550,

versus 561 consensus, and a prior outlook of 510 to 580.

Philip Morris International reaffirmed its full year 2025 EPS guidance

...