Mattel Reports Third Quarter Financial Gains, Boost From Dolls - FOX 35 News Orlando

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>>

  • Fox 11 Exclusive

    No Charges Against Deputy in Bicyclist’s Death

    No Charges Against Deputy in Bicyclist’s Death

    Wednesday, August 27 2014 11:46 PM EDT2014-08-28 03:46:04 GMT
    The L.A. County D.A. will not be charging the L.A. County Deputy who struck and killed former Napster executive Milton Olin as he was riding his bicycle on Mulholland Highway in Calabasas in December.
    The L.A. County D.A. will not be charging the L.A. County Deputy who struck and killed former Napster executive Milton Olin as he was riding his bicycle on Mulholland Highway in Calabasas in December.
  • USC's Josh Shaw Admits He Fabricated Story About Rescue

    USC's Josh Shaw Admits He Fabricated Story About Rescue

    Wednesday, August 27 2014 7:29 PM EDT2014-08-27 23:29:30 GMT
    USC Senior Cornerback Josh Shaw admits he lied. He told USC officials that he fabricated the story about rescuing his nephew in a pool in Palmdale, California. 
    USC Senior Cornerback Josh Shaw admits he lied. He told USC officials that he fabricated the story about rescuing his nephew in a pool in Palmdale, California. 
  • High Swells Cause Catalina Ferry To Return

    High Swells Cause Catalina Ferry To Return

    Wednesday, August 27 2014 6:55 PM EDT2014-08-27 22:55:47 GMT
    [PHOTO GALLERY] The Pebbly Beach boat yard east of Avalon Bay on Catalina Island suffered serious damage this morning because of the hurricane surge. According to Brian Bray, Avalon Bay harbor master, water pushed dozens of boats off their dry dock, damaging them.
    [PHOTO GALLERY] The Pebbly Beach boat yard east of Avalon Bay on Catalina Island suffered serious damage this morning because of the hurricane surge. According to Brian Bray, Avalon Bay harbor master, water pushed dozens of boats off their dry dock, damaging them.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

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