Mattel’s Global Net Sales Up 2 Percent in Q2

In the second quarter, worldwide net sales at Mattel increased 2 percent and gross sales rose 1 percent, with consumer takeaway for the popular brands Barbie, Hot Wheels and Fisher-Price continuing to be strong for the company.

In the international arena, net sales climbed by 8 percent and gross sales were up 6 percent. This was offset by a lower performance in North America, where net sales decreased 3 percent and gross sales were down 2 percent. Operating loss was $48.7 million, compared to the prior year’s Q2 operating loss of $11.7 million. Adjusted operating loss was $40.1 million, compared to $6.2 million in the second quarter of 2016.

“Our key power brands—Barbie, Hot Wheels and Fisher-Price—continued to show strength at retail in the second quarter,” said Margo Georgiadis, the CEO of Mattel. “In addition, we are moving quickly to activate the strategy that we outlined in June to future-proof Mattel and deliver enhanced, sustainable growth over the medium-term.”