Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Business
July 17, 2012

Barbie dolls up the bottom line

NEW YORK, USA – IT was a doll of a quarter for Mattel.

Demand for doll brands including Barbie, American Girl and Monster High, coupled with lower sales costs and advertising expenses, helped the biggest US toy maker’s net income rise 20 per cent in the second quarter.

The results for a seasonally slow period for toy companies beat Wall Street estimates. It’s a positive sign as the company heads into the second half of the year, which includes the all-important holiday season and contributes the bulk of its sales, particularly since analysts were expecting net income to decline.

The news sent shares up more than six per cent in pre-market trading.

Mattel, which also makes Hot Wheels and Fisher-Price toys, said yesterday that its net income rose to US$96.2 million ($8.5 billion), or 28 cents per share, in the April to June quarter. That compares with US$80.5 million, or 23 cents per share, a year ago.

That beat the 20 cents per share that analysts surveyed by FactSet expected.

“We delivered solid performance as we continued to build momentum with key brands, such as Barbie, Monster High, American Girl and Hot Wheels, as well as the Batman — The Dark Night Rises property, despite a continued cautious global retail environment and a strengthening US dollar,” CEO Bryan Stockton said in a statement.

Revenue held at US$1.16 billion, but topped Wall Street’s estimate of US$1.13 billion.

Its shares rose US$1.96, or 6.3 per cent, to US$32.62 in pre-market trading. Its shares have been trading near the high end of their 52-week range. Mattel shares peaked at US$34.62 per share in late March.

Mattel looked to combat the seasonal sales slowness — and continued high costs for commodities like packaging and fuel — by reducing some of its costs. The company’s cost of sales declined to US$564.2 million from US$605.5 million, while advertising and promotion expenses were cut to US$112.4 million from US$116.2 million.

Sales of Hot Wheels climbed 11 per cent, while Barbie sales rose five per cent. Fisher Price sales increased two per cent thanks to Fisher-Price Friends, Disney’s Jake and the Never Land Pirates and the acquisition of HIT Entertainment. American Girl sales gained three per cent mostly because of strong sales of the 2012 Girl of the Year, McKenna.

Worldwide sales of Mattel’s other girls brands, which includes Monster High, soared 96 per cent.

The entertainment segment, which includes Radica and games, posted a 36 per cent sales decline as shoppers purchased fewer Cars 2 products. The movie Cars 2 was in theaters last summer. Toys tied to movies typically sell the most amount of products closer to the period that the movies are in theatres, with sales falling afterward.

Mattel, which is based in El Segundo, California, also declared a third-quarter dividend of 31 cents per share. The dividend will be paid on September 21 to shareholders of record on August 29.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Jimmy and Bob
Entertainment, Latest News
Jimmy and Bob
Howard Campbell Observer senior writer 
December 1, 2025
Observer Online presents the first story in ‘Jimmy Cliff: Stories Of A Bongo Man’, in tribute to the reggae legend who died on November 24 at age 81. ...
{"jamaica-observer":"Jamaica Observer"}
Forex: $161.05 to one US dollar
Latest News, News
Forex: $161.05 to one US dollar
December 1, 2025
KINGSTON, Jamaica — The United States (US) dollar on Monday, December 1, ended trading at $161.05, down by 15 cents, according to the Bank of Jamaica’...
{"jamaica-observer":"Jamaica Observer"}
VPA brings relief, medical care and emotional support to hard-hit Parottee community
Latest News, News
VPA brings relief, medical care and emotional support to hard-hit Parottee community
December 1, 2025
ST ELIZABETH, Jamaica — Still reeling from the destruction caused by Hurricane Melissa, residents of Parottee in St Elizabeth received much-needed ass...
{"jamaica-observer":"Jamaica Observer"}
Five Jamaicans receive Fulbright Scholarships
Latest News, News
Five Jamaicans receive Fulbright Scholarships
December 1, 2025
KINGSTON, Jamaica—Five outstanding Jamaicans have been awarded Fulbright Scholarships to pursue advanced studies in the United States (US). This year’...
{"jamaica-observer":"Jamaica Observer"}
Son of Mexican crime lord ‘El Chapo’ pleads guilty in drug case—reports
International News, Latest News
Son of Mexican crime lord ‘El Chapo’ pleads guilty in drug case—reports
December 1, 2025
CHICAGO, United States (AFP)—A son of the infamous Mexican drug lord Joaquin "El Chapo" Guzman pleaded guilty Monday in Chicago to a narcotics traffic...
{"jamaica-observer":"Jamaica Observer"}
Venezuela does not want ‘a slave’s peace’: Maduro on US military threat
International News, Latest News
Venezuela does not want ‘a slave’s peace’: Maduro on US military threat
December 1, 2025
Caracas, Venezuela (AFP)—Venezuela does not want "a slave's peace," President Nicolas Maduro told thousands of supporters Monday of a US military depl...
{"jamaica-observer":"Jamaica Observer"}
Brazilian teen killed after climbing into lion enclosure at zoo
International News, Latest News
Brazilian teen killed after climbing into lion enclosure at zoo
December 1, 2025
RIO DE JANEIRO, Brazil (AFP)—A Brazilian teenager was mauled to death by a lioness in full view of zoo visitors after scaling a six-meter wall and saf...
{"jamaica-observer":"Jamaica Observer"}
Farmers to benefit from insurance payments
Latest News, News
Farmers to benefit from insurance payments
December 1, 2025
KINGSTON, Jamaica— One hundred and sixteen banana and plantain farmers registered under the Catastrophe Insurance Fund are to receive payouts from the...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct