Mattel sales grow in Q3 - ToyNews

Mattel sales grow in Q3

Worldwide sales up nine per cent with growth across core brands.
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Mattel recorded sales of $2 billion in the three months to September 30th, representing a like-for-like growth of nine per cent.

Net income was $300 million, up six per cent from $283 million.

Internationally, net sales grew 13 per cent versus a six per cent increase in the US.

Mattel saw the most growth in its girls brands, with Barbie up 17 per cent and 'other girls brands' growing 32 per cent worldwide. Games and puzzles was up 14 per cent, primarily driven by Cars 2 licensed product.

Robert A. Eckert, chairman and CEO of Mattel, said: "We continue to be pleased with our performance across our portfolio of brands in all of the regions of the world. Not only have we continued to benefit from the strength of our core brands, but this year's big entertainment property, Cars 2, is also fuelling momentum."

He continued: "As we enter into the all-important holiday season, we remain keenly focused on execution and delivering growth in our core brands, working to expand and leverage our international footprint, optimizing our entertainment portfolio, and building our newest franchise, Monster High."

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