Mattel released its third quarter financial results, reporting year-over-year growth for the first time in eight quarters and third quarter net sales of $1.4 billion.
The company reported a 8 percent decrease in net sales and a 6 percent decrease in gross sales, reflecting a negative 3 percent impact from the Toys “R” Us liquidation and a negative 3 percent impact from a slowdown in China business.
Net sales in the North American segment increased 4 percent when compared to last year’s third quarter, while net sales in the international segment decreased 18 percent.
American Girl’s gross sales decreased 32 percent, while gross sales for the Barbie brand were up 14 percent as reported. Gross sales for Mattel Toy Box brands were down 9 percent as reported, while gross sales for Owned Brands were down 1 percent as reported and up 2 percent in constant currency. This was primarily driven by higher sales of Polly Pocket and games.
