News Summary: Mattel's 4Q results miss Street
Published: February 1, 2013
Leave a comment
GLUM SEASON: Mattel Inc., the world's largest toy maker, said Friday its fourth-quarter net income fell 17 percent, hurt by a litigation charge and weakness in some key brands like Barbie and Matchbox. Revenue rose 5 percent but results were short of expectations.
Advertisement
WHY IT MATTERS: The fourth quarter is key because toy makers can make up to 40 percent of annual sales during the period. Toy makers are facing a slowdown in the U.S. due partly to consumer worry over the economy.
WHAT'S NEXT: The maker of Hot Wheels toys and Monster High dolls is implementing a global price increase in the low single digits in 2013.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
Leukemia Signs
Thinking About Leukemia? Get Information on Signs, Symptoms & More.
evergreen4cure.com/leukemia
Thinking About Leukemia? Get Information on Signs, Symptoms & More.
evergreen4cure.com/leukemia
New Rule in WASHINGTON:
(MAY 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
(MAY 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com
Prev
