Mattel shares jump as earnings top estimates


Barbie dolls for sale at a Target store.

Scott Mlyn | CNBC

Mattel turned in mixed fourth-quarter results after holiday revenue was weighed down by continuing sales declines in its American Girl and Fisher-Price brands.

The company’s stock initially dropped, but now was up about 5% in extended trading, after posting the results.

Sales during the holiday quarter slumped 3%, once again feeling the strain from poor sales of American Girl dolls and Fisher-Price toys.

Sales in the American Girl segment dropped 20% in the fourth quarter, pulling down the entire doll category 6% despite the growth of the Barbie brand.

Declines in Fisher-Price Friends, Fisher-Price and Thomas & Friends brought the…

Source cnbc.com

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