Global net sales flat for Mattel in Q3 2016 results

Billy Langsworthy

By Billy Langsworthy

October 20th 2016 at 11:04AM
UPDATED October 20th 2016 at 12:09PM
Global net sales flat for Mattel in Q3 2016 results

Our core brands continue to show improved strength and vibrancy, contributing to very encouraging and broad-based top-line momentum," said Christopher Sinclair, chairman and CEO of Mattel.

For the third quarter of 2016, Mattel's worldwide net sales and worldwide gross sales were both flat.

Third quarter net sales in the North American region, which consists of the US, Canada and American Girl,  increased by three per cent, while in the international region, net sales decreased by four per cent.

Q3 gross sales in the North American region increased by one per cent, while in the international region, gross sales decreased by three per cent.

Elsewhere, worldwide gross sales for Mattel's girls and boys brands was $1.06 billion, down five per cent, while  worldwide gross sales for the Barbie brand were up 16 per cent.

Worldwide gross sales for Mattel's other girls brands were down 50 per cent, but gross sales for the firm's wheels category, which boasts includes the Hot Wheels and Matchbox brands, was up six per cent.

Q3 2016 worldwide gross sales for Fisher-Price were $661.5 million, up six per cent, while worldwide gross sales for Mattel's entertainment business, which includes Radica and Games, is up 16 per cent on 2015.

Third quarter gross sales for Mattel's construction and arts and crafts brands, which includes the Mega Bloks and  RoseArt brands, were $118.6 million, flat year-on-year.

“In the third quarter, we continued to make solid progress against our strategic priorities, and we are pleased  with our momentum as we head into the holiday season,” said Christopher Sinclair, chairman and CEO of Mattel.

“Our core brands continue to show improved  strength and vibrancy, contributing to very encouraging and broad-based top-line momentum. And we continued to manage costs effectively, while making important investments in brand building, commercial excellence and emerging market expansion.

"Overall, our strategies are generating good progress on many fronts, and while we still have a critical fourth quarter to execute, we remain broadly on track to deliver on our full-year outlook.”