Mattel Reports Third Quarter Financial Gains, Boost From Dolls - New York News

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."

 

  • Local NewsLocal NewsMore>>

  • Prison officers block news crew from tourist site

    Prison officers block news crew from tourist site

    Friday, July 25 2014 12:35 PM EDT2014-07-25 16:35:36 GMT
    New York State NewsNew York State News
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
    An upstate New York TV crew was threatened with arrest by corrections officers as they filmed at a public historic site on the grounds of an empty, soon-to-be-closed state prison.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 12:32 PM EDT2014-07-25 16:32:18 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
  • G subway line shutting down for 5 weeks

    G subway line shutting down for 5 weeks

    Friday, July 25 2014 9:02 AM EDT2014-07-25 13:02:01 GMT
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
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 | Terms of Service | Ad Choices