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>>

  • Whooping Cough Cases Spike

    Whooping Cough Cases Spike

    Thursday, April 24 2014 1:20 AM EDT2014-04-24 05:20:51 GMT
    From Ventura to Los Angeles, Orange to Riverside, whooping cough cases are on the rise.
    From Ventura to Los Angeles, Orange to Riverside, whooping cough cases are on the rise.
  • Pelican Found On Local Beach Mutilated With Jaw Pouch Cut

    Pelican Found On Local Beach Mutilated With Jaw Pouch Cut

    Thursday, April 24 2014 12:44 AM EDT2014-04-24 04:44:31 GMT
    A California brown pelican that apparently had its jaw pouch slit is expected to undergo surgery, and a $7,500 reward was being offered today for information that leads to the culprit.
    A California brown pelican that apparently had its jaw pouch slit is expected to undergo surgery, and a $7,500 reward was being offered today for information that leads to the culprit.
  • Suspect Wanted For Attempted Abduction

    Suspect Wanted For Attempted Abduction

    Wednesday, April 23 2014 11:19 PM EDT2014-04-24 03:19:25 GMT
    Culver City Police are searching for the man who tried to abduct a middle school student as she walked home from school. Investigators say the girl was walking near the Culver City Teen Center on Farragut Drive Tuesday afternoon when a man approached her.
    Culver City Police are searching for the man who tried to abduct a middle school student as she walked home from school. Investigators say the girl was walking near the Culver City Teen Center on Farragut Drive Tuesday afternoon when a man approached her.
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 | Terms of Service | Ad Choices