Demand for Barbie, Hot Wheels push Mattel profit up
Photo credit: AP | Mattel, which is the No. 1 U.S. toy maker and includes Hot Wheels and Barbie among its products, reported Tuesday, Jan. 31, 2012, that its net income rose to $370.6 million, or $1.07 per share, for the period ended Dec. 31, 2011. (April 13, 2011)
Mattel Inc. says strong holiday demand for toys including Barbie, Hot Wheels and American Girl helped push its fourth-quarter net income up 14 percent.
The holiday quarter is crucial for toy makers, who can make up to half of their annual sales during the period.
Mattel, which is the No. 1 U.S. toy maker, reported Tuesday that its net income rose to $370.6 million, or $1.07 per share,...
