News Brief
Sales, Profits Fall At Mattel
Apr 16, 2012, 1:57 PM
Mattel says that its worldwide sales fell 2% in the first quarter to $928.4 million, with revenues in North America declining 9%. And net income for the toymaker dropped 53% to $7.8 million, compared to last year's first quarter net income of $16.6 million, reflecting the cost of its HIT Entertainment acquisition. Worldwide, gross sales of its Barbie brand fell 6%; sales at Hot Wheels slipped 5%.
In its Fisher-Price unit, sales were flat, while American Girl sales climbed 4%. The El Segundo, Calif.-based marketer says its market share improved, and that despite declining results, even Barbie and Hot Wheels gained share in the U.S. and Europe.
Recent Marketing Daily Articles
-
Voss Water In Socially Driven Summer Campaign June 19, 3:27 p.m.
Voss Water has launched a social-plus-retail summer campaign designed to engage consumers and strengthen relations with ... -
Chevy Back With MOFILM For Oscars June 19, 3:22 p.m.
Chevrolet has tied a five-year knot with the Oscars, with attention on independent filmmakers. Chevrolet’s theme ... -
Nissan Opens Door To Versa Launch June 19, 2:18 p.m.
Nissan’s new Versa Note is a "A Door to More" in the automaker’s campaign for the ... -
Saks Fifth Avenue Rolling Out New Campaign June 19, 11:12 a.m.
Saks Fifth Avenue is debuting a new marketing campaign, which it hopes will sell shoppers on ... -
JetBlue, Marriott Top Their Industries June 19, 12:23 a.m.
Just as the summer travel season heats up, the American Customer Satisfaction Index (ACSI) has released ... -
Evian Launches Wimbledon 'Wiggle' Social Effort June 18, 5:20 p.m.
<Evian -- no slouch at driving buzz during the Wimbledon tournament -- has come up with ... -
GMA/PwC Report: CPGs' Growth Slows Amid 'Rules' Shift June 18, 3:56 p.m.
Net sales growth rates for consumer packaged goods (CPG) companies slowed last year amid challenges including ... -
Industry Is Expanding In Advertising, Social June 18, 12:29 p.m.
Retailers are planning to spend big on more stores, digital technology and marketing initiatives in the ... -
Chevrolet's Fleck Talks Northeast Strategy June 18, 9:23 a.m.
Bill Fleck, Chevy's Northeast regional marketing manager, has a lot of work to keep him up ... -
Affluence Not Just For Affluent June 18, 8:58 a.m.
For affluent consumers, traditional media is still the way to go, per the latest monthly study ...
Be the first to comment on " Sales, Profits Fall At Mattel "
Leave a Comment