Wednesday, April 7, 2010 as of 11:14 AM ET
Mattel, Inc. (; ) is the world's largest toy company based on revenue. The products it produces include Fisher Price, Barbie dolls, Hot Wheels and Matchbox toys, Masters of the Universe, American Girl dolls, board games, and, in the early 1980s, video game consoles.
Read More at Wikipedia ›Shares of Mattel (NYSE:MAT) slumped nearly 8% Monday after the company said its first-quarter profit halved and missed expectations, as price increases for some of its most popular toys, including Barbie, sliced into North American sales.
The toymaker reported net income of $7.8 million, or 2 cents a share, compared with a year-earlier $16.6 million, or 5 cents.Revenue for the El Segundo, Calif.-based company was $928.4 million, down 2% from $951.9 million a year ago.Analysts in a Thomson Reuters poll were looking for stronger earnings of 7 cents on sales of $988.6 million.The results were negatively impacted by 4 cents a share related to acquisition and integration costs. They also fell on higher prices that caused demand in the U.S. and Canada to slump. On a regional basis, sales fell 9% in the North American region, partially offset by a 7% improvement in its international business. Demand slipped for Mattel Girls & Boys brands, causing sales to slide 4% year-over-year to $622.2 mill...Affordable Toys for Tough TimesTimes may not be as bad as they were at the outset of the recent recession, but parents' pockets still aren't jingling all the way to ...
As Thanksgiving approaches, many consumers aren't talking turkey. They’re talking deals, and already have visions of doorbusters dancing in their heads.Despite the w...
Mattel (NYSE:MAT) is buying Thomas the Tank Engine maker Hit Entertainment for $680 million in cash in an effort to revive its pre-school business with the world's m...
Halloween may feel a bit like channel surfing this year.According to retailers, popular Halloween costumes could be pulled right out of the TV Guide, with shows like...
(Reuters) - Toy maker Hasbro Inc's <HAS.O> quarterly results fell short of analysts' expectations as a dip in sales in the company's home market offset strong intern...
Carried by across-the-board sales momentum, toy maker Mattel (NYSE:MAT) lodged a 6.2% rise in third-quarter profits on Friday, matching Wall Street’s expectations.Th...
Wal-Mart is taking cues from shoppers who have asked for more time to buy for the holiday season, albeit on tight budgets, as it tries to reinvigorate sales of toys ...
Toy companies trying to win over choosy U.S. shoppers are under more pressure than ever to offer parents something their children will play with after Christmas, acc...
By Nick ZieminskiNEW YORK (Reuters) - For years, low prices on China-sourced goods helped dampen inflation in the United States. Now China's efforts to boost domesti...
Blockbuster motion pictures often are the headiest contributors to toy makers' results, but the bigger story for Mattel Inc. and Hasbro Inc. is the boost they are ge...
Hasbro (NYSE:HAS) weighed in on Monday with a 33% rise in second-quarter profits, but the maker of Monopoly and Nerf footballs missed Wall Street’s expectations amid...
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Tim Kilpin of Mattel weighs in on company sales and new toy trends.
Mattel shares rose almost 6% to $31.20 early Tuesday after the world's No. 1 toymaker raised its annual dividend 35% to $1.24 a share from 92 cents a share. A quarte...
Boosted by improving margins and rising international sales, toy company Mattel (NYSE:MAT) posted a stronger-than-expected 14% jump in fourth-quarter profits on Tues...
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Mattel Brands Executive Vice President Tim Kilpin on Christmas sales and hot sellers.
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