Mattel Reports Second Quarter Financial Results

logo_Mattel logoFor the second quarter, Mattel Inc. reported flat worldwide net sales in constant currency, and worldwide net sales down 7 percent, reflecting the impact from changes in currency exchange rates.

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Step2 Appoints Robert Jourdian to Vice President of Research and Development

Step2 LogoThe Step2 Company LLC has named Robert Jourdian as its new vice president of research and development. Jourdian comes to Step2 with more than 30 years of product design experience, 25 of which were spent at the senior product design level at Fisher-Price Inc., a division of Mattel Inc.

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Mattel Appoints Joseph Johnson as Corporate Controller

logo_Mattel logoMattel Inc. has appointed Joseph B. Johnson to senior vice president and corporate controller, effective immediately. Johnson joins Mattel from Chiquita Brands International Inc., where he served as vice president, chief accounting officer, and treasurer. Previously, he held a number of leadership roles with Resolute Forest Products, an international wood and paper products company, including senior vice president, finance, and chief accounting officer.

Johnson succeeds Scott Topham, who has elected to retire from Mattel.

Mattel Reports First Quarter Financial Results

logo_Mattel logoFor the first quarter, Mattel Inc. reported worldwide net sales up 5 percent in constant currency, as well as reported worldwide net sales down 2 percent, reflecting the impact from changes in currency exchange rates. On a regional basis, first quarter gross sales increased 9 percent in constant currency, and 8 percent as reported in the North American region, which consists of the U.S., Canada, and American Girl. For the International region, gross sales increased 2 percent in constant currency, and decreased 14 percent as reported.

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Mattel Brings Back Former CEO as Consultant

logo_Mattel logoBryan Stockton, who abruptly resigned as Mattel Inc.’s CEO in January, is back at the toy maker as a consultant, according to The Wall Street Journal.

Mattel will pay Stockton $125,000 a month for the next year. On an annual basis, he would earn $1.5 million.

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Mattel’s HIT Entertainment to Develop New Thomas & Friends Digital Content

Thomas&Friends,70yearsThomas & Friends will embark on new adventures that will arrive on YouTube throughout this year. The global preschool content development division for Mattel Inc., HIT Entertainment, will develop 52 three-minute original digital videos for Thomas & Friends. The new short-form videos feature Thomas the Tank Engine having adventures off the Island of Sodor in fascinating destinations like London, Paris, and New York City, and coming to life in children’s playrooms. [Read more...]

WIT Presents Awards to Women Leaders at Annual Wonder Women in Toys, Licensing, and Entertainment Dinner

WIT.logoWomen leaders were honored by more than 500 industry executives at the 11th Annual Wonder Women in Toys, Licensing, and Entertainment (WIT) Awards Dinner, which took place on Sunday night. Hosted by WIT, and coinciding with the North American International Toy Fair in New York City, the gala awarded winners from more than 40 distinguished nominees from around the world. WIT also presented Special Honoree Awards to executives from Sesame Workshop, amazon.com, and Disney Consumer Products. [Read more...]

Mattel Makes Changes to Executive Leadership Team

logo_Mattel logoMattel Inc. has made key changes to its executive leadership team, effective immediately. Richard Dickson and Tim Kilpin will assume expanded responsibilities as president, chief brands officer, and president, chief commercial officer, respectively. Both will report to Mattel Chairman and CEO, Bryan G. Stockton. [Read more...]

Toy Industry Unveils Nominees for 2015 Toy of the Year (TOTY) Awards

TOTY2015logoToday, the Toy Industry Association (TIA) announced the 83 finalists for the prestigious 2015 Toy of the Year Awards (TOTY). Between now and January 11, toy consumers of all ages can visit www.toyawards.org to vote for their favorite toys, games, and properties across 12 categories.

The 2015 finalists were selected from more than 600 nominees submitted for consideration by 159 companies. Sixty academics, journalists, toy trend experts, play therapists, toy inventors and designers, and toy retailers staffed the nomination committees that narrowed the field to the slate of finalists.

Votes from mass retailers, specialty toy retailers, media, TIA members, and consumers will be weighted and used to determine each of the 12 category winners. The winners—including the overall Toy of the Year and the People’s Choice awards—will be announced at the TOTY Awards ceremony held on February 13, 2015 as the kick-off to the 112th North American International Toy Fair. [Read more...]

Mattel Reports Third Quarter Financial Results, Including Lower Barbie and Fisher-Price Sales

Mattel_logoLast Thursday, Mattel Inc. reported third quarter financial results, including net income of $331.8 million for the quarter, or $0.97 per share. This includes a negative impact of $0.05 per share from Mega Brands integration costs and a tax benefit of $0.04 per share. This compares to last year’s third quarter net income of $422.8 million, or $1.21 per share, which included a tax benefit of $0.05 per share.

For the quarter, net sales were $2.02 billion, down 8 percent compared to $2.21 billion last year, while on a regional basis, third quarter gross sales decreased 7 percent in the North American region. For the international region, gross sales decreased 7 percent, including an unfavorable impact of currency exchange rates of 1 percentage point. [Read more...]