Mattel Reports In-Line As Strong International Performance Offsets Weak U.S. Sales

The world's top toymaker Mattel Inc. reported Monday morning its 2Q net income rose 16.4%, with earnings-per-share of $0.11 on sales of $1.02 billion. Estimates were $0.10 on sales of $1.025 billion. Mattel credited strength in its recent quarter largely to strong global sales. Gross international sales rose 18%, offsetting a 3% decrease in U.S. sales. On a brand by brand basis, Wheels (including Hot Wheels, Matchbox and Tyco R/C brands) was strongest with a 20% gain, followed by Fisher-Price which rose 12%. Mattel Girls & Boys Brands, which includes Barbie dolls rose just 5%. Barbie continues to face stiff competition from privately-held MGA Entertainment's Bratz dolls.
Sources: Press Release, Wall Street Journal, AP, Bloomberg, MarketWatch
Commentary: Mattel's Q1 Profit Drops, But Beats Street As Sales Increase 18.5% • Cramer's Take on MAT
Stocks/ETFs to watch: Mattel (MAT). Competitors: Hasbro (HAS). ETFs: PowerShares Dynamic Consumer Discretionary (PEZ)

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