Mattel Reports Third Quarter Financial Gains, Boost From Dolls

Mattel Reports Third Quarter Financial Gains, Boost From Dolls

Posted: Updated:

EL SEGUNDO (KTTV) - Mattel Inc, the world's largest toy company, reports third-quarter gains, exceeding Wall Street analysts forecasts.

The El Segundo-based toymaker reported today that it experienced a third-quarter net income of nearly $423 million, or $1.21 per share, up significantly from the same quarter last year when it recorded earnings of $365.9 million, or $1.04 a share.

Mattel attributes some gains to its high demand for dolls like Barbie, Monster High, and American Girl. Sales for its top selling Barbie doll products rose 3% after four consecutive quarters of declines.

Dolls from the Monster High and American Girl lines also continue to boost Mattel's numbers. Mattel reports that sales for American Girl enjoyed a 20% hike in the third quarter.

"We are pleased with our third quarter performance as Mattel delivered growth in every region of the world," said Bryan G. Stockton, Mattel Chairman and Chief Executive Officer, in a statement. "As we enter the all-important holiday season, we have a strong lineup of innovative products, promotions and content, and we will continue to focus on execution to deliver growth and long-term shareholder value."

 

  • Los Angeles & SoCal NewsLos Angeles & SoCal NewsMore>>

  • Firefighters Make Quick Work of a Burbank Blvd Brush Fire in Van Nuys

    Firefighters Make Quick Work of a Burbank Blvd Brush Fire in Van Nuys

    Friday, August 22 2014 9:06 PM EDT2014-08-23 01:06:55 GMT
    More than 100 firefighters are responding to the two fires burning in thick brush on either side of the 15700 block of Burbank Boulevard, near Woodley Avenue in the Sepulveda Basin, says Erik Scott of the Los Angeles Fire Department.
    More than 100 firefighters are responding to the two fires burning in thick brush on either side of the 15700 block of Burbank Boulevard, near Woodley Avenue in the Sepulveda Basin.
  • Only On FOX

    Child Porn Suspect Arrested in Hollywood

    Child Porn Suspect Arrested in Hollywood

    Friday, August 22 2014 8:32 PM EDT2014-08-23 00:32:31 GMT

    Neighbor uses loaned Internet password to download child porn.

    Neighbor uses loaned Internet password to download child porn.


  • Deal or No Big Deal Friday August 22

    Deal or No Big Deal Friday August 22

    Deal or No Big Deal Friday August 22

    Topics today include Cincinnati  Archdiocese & ALS Challenge; LAPD and Drones in Deal or No Big Deal Friday August 22
    Topics today include Cincinnati  Archdiocese & ALS Challenge; LAPD and Drones in Deal or No Big Deal Friday August 22

Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices