Mattel Inc. reported full year and fourth quarter 2016 financial results.
For the year, reported worldwide net sales were down 4 percent as reported, and were down 2 percent in constant currency, versus the prior year. Worldwide gross sales were down 3 percent as reported, and were flat in constant currency. Reported operating income was $519.2 million, and adjusted operating income was $560.8 million.
For the fourth quarter of 2016, net sales were down 8 percent as reported, and were down 6 percent in constant currency, versus the prior year. Worldwide gross sales were down 5 percent as reported, and were down 1 percent in constant currency. Reported operating income was $262.6 million, and adjusted operating income was $269.2 million.
For the year, worldwide gross sales for Mattel girls and boy brands were $3.19 billion, down 8 percent as reported, and down 5 percent in constant currency, versus the prior year. Worldwide gross sales for the Barbie brand were up 7 percent as reported, and up 9 percent in constant currency, versus the prior year. Worldwide gross sales for other girls brands, which includes Disney Princess and Monster High, were down 52 percent as reported, and down 47 percent in constant currency, versus the prior year. Worldwide gross sales for the wheels category, which includes the Hot Wheels and Matchbox brands, were up 6 percents reported, and were up 11 percent in constant currency, versus the prior year. Worldwide gross sales for the Entertainment business, which includes Radica and games, were up 13 percent as reported, and were up 16 percent in constant currency, versus the prior year.
For the year, worldwide gross sales for Fisher-Price brands, which includes the Fisher-Price Core, Fisher-Price Friends and Power Wheels brands, were $1.89 billion, up 2 percent as reported, and up 6 percent in constant currency, versus the prior year. Fourth quarter worldwide gross sales were $607.7 million, down 3 percent as reported, and up 2 percent in constant currency, versus the prior year’s fourth quarter.
For the year, worldwide gross sales for American Girl brands were $570.8 million, flat as reported and in constant currency, versus the prior year. Fourth quarter gross sales were $283.9 million, up 4 percent as reported, and up 5 percent in constant currency, versus the prior year’s fourth quarter.
For the year, worldwide gross sales for construction and arts and crafts brands, which includes the Mega Bloks and RoseArt brands, were $377.6 million, up 7 percent as reported, and up 15 percent in constant currency, versus the prior year. Fourth quarter gross sales were $124.8 million, down 4 percent as reported, and up 1 percent in constant currency, versus the prior year’s fourth quarter.
