Mattel, which has been led by entertainment veteran Ynon Kreiz since 2018, posted strong fourth-quarter results Wednesday that were ahead of Wall Street analysts’ expectations.The maker of popular toys and games like Barbie, Monopoly, Hot Wheels and Uno had net sales of a shade less than $1.8 billion, up 10% from the year-earlier period.
Adjusted earnings per share rose 32% from the 2020 period, reaching 53 cents.Dolls, including Barbie, Spirit, Polly Pocket, and Enchantimals, proved a potent category in the quarter.
Worldwide gross billings for dolls hit $804 million, up 13%. Sales in North America climbed 14% compared with a year ago, while international sales gained 9%.In an interview with Deadline, Kreiz declared, “The turnaround is complete.
We’re now in growth mode.”In addition to the strong fourth-quarter and full-year report, Mattel has rosy expectations for 2022, calling for a revenue increase of 8%-10% over this year.
Read more on deadline.com
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