Mattel misses by $0.01, beats on revs :
- Reports Q3 (Sep) earnings of $0.70 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus of $0.71; revenues rose 0.2% year/year to $1.8 bln vs the $1.76 bln Capital IQ Consensus.
- For the third quarter, worldwide gross sales for Mattel Girls & Boys Brands were $1.06 bln, down 5% as reported, and down 4% in constant currency, versus the prior year.
- Third quarter worldwide gross sales for Fisher-Price Brands, which includes the Fisher-Price Core, Fisher-Price Friends and Power Wheels brands, were $661.5 mln, up 6% as reported, and up 8% in constant currency, versus the prior year.
- Third quarter gross sales for American Girl Brands, which offers American Girl-branded products directly to consumers, were $125.5 mln, up 14% as reported, and up 15% in constant currency, versus the prior year.
- Third quarter gross sales for Construction and Arts & Crafts Brands, which includes the MEGA BLOKS and RoseArt brands, were $118.6 mln, flat as reported, and up 6% in constant currency, versus the prior year.
- "Our core brands continue to show improved strength and vibrancy, contributing to very encouraging and broad-based top-line momentum. And we continued to manage costs effectively, while making important investments in brand building, commercial excellence and emerging market expansion. Overall, our strategies are generating good progress on many fronts, and while we still have a critical fourth quarter to execute, we remain broadly on track to deliver on our full-year outlook."
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