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Mattel sales boosted by toy cars and dolls

2021-07-27T21:52:29.822Z

The toy maker Mattel, supported by strong growth in sales of its small cars and dolls, led by Barbie, unveiled on Tuesday ...



The toy maker Mattel, buoyed by strong sales growth for its small cars and dolls, led by Barbie, on Tuesday unveiled better-than-expected results for the second quarter.

Read also: Mattel wants to recycle our children's Barbies and Matchbox cars

Its share took 3.5% in electronic exchanges following the close of the New York Stock Exchange.

Mattel's revenue jumped 40% from the same period in 2020, to $ 1.03 billion, above the 868 million expected by analysts.

Sales of Hot Wheels or Cars skyrocketed 68% while sales of dolls jumped 51%.

Revenues from action figures, construction games and companies like the Uno grew, more modestly, by 32%, as did those generated by toys for young children, including the brands Fisher-Price and Thomas & Friends, which are mounted by 15%.

Revenues up for Hasbro

Hasbro, which published its results Monday, for its part saw its turnover take off 54% in the second quarter thanks in particular to the success of Magic and Dungeons & Dragons cards and the rebound in its audiovisual activities.

Mattel reduced its net loss to $ 6 million from $ 111 million in the first quarter of 2020. Reported per share and excluding special items, the Wall Street benchmark, the loss was 3 cents, less than the loss of 6 cents expected by analysts.

Source: lefigaro

All business articles on 2021-07-27

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