October 16, 1992
Mattel Inc. reported a 20% increase in third-quarter profit Thursday, an indication of the $8-billion toy industry's continued health. The El Segundo-based toy maker earned $70.1 million, or 71 cents a share, in the quarter ended Sept. 30. The company also reported a net sales increase of 14% over the 1991 period, with revenue of $606 million, up from $532 million.
April 12, 2006 |
Mattel Inc. has signed a deal with Universal Studios to market and distribute DVDs based on two of the toy maker's doll lines, Barbie and Polly Pocket, the companies said. Financial terms were not disclosed. The multiyear deal gives Universal worldwide distribution rights for the movies. The company's previous distribution deal with Mattel was limited to Barbie DVD releases outside the U.S. Film studio Lionsgate handled domestic releases.
November 7, 2007 |
Mattel Inc. asked consumers to stop using 196,000 kitchen toys made in Mexico because small pieces may pose a choking hazard to children. The Fisher-Price Laugh & Learn 2-in-1 Learning Kitchen toys were sold worldwide from May to October for about $70 each, the U.S. Consumer Product Safety Commission said. There have been 48 reports of parts separating from the toys, with children gagging or choking on them.
April 1, 1999 |
Los Angeles magazine publisher EMAP Petersen Inc. Wednesday signed a licensing deal with Mattel Inc., under which the toy maker will manufacture product lines based on Hot Rod, Motor Trend, Teen and other Petersen titles. Terms were not disclosed. Toys planned for this year include an electronic hand-held game to be called Teen Ms. Quiz. Mattel is based in El Segundo.
January 31, 2014 |
Mattel Inc.'s earnings during the all-important holiday season left Wall Street cold, suggesting that kids weren't clamoring to be given toys. The El Segundo company's net income was up 23%, rising to $1.07 a share, or $369.2 million, from 87 cents a share, or $306.5 million, a year earlier - a period that had been dampened by a massive litigation charge. But the toy giant's performance disappointed analysts, who had expected profit of $1.19 a share. Revenue also fell short of projections, declining 6% to $2.11 billion and missing the $2.37-billion mark set by forecasters as well as Mattel's own expectations.
August 8, 2007 |
Mattel Inc. identified the Chinese vendor that made nearly 1 million Fisher-Price toys that were recalled last week because they might contain lead. El Segundo-based Mattel said Lee Der Industrial Co. in Guangdong province made the 967,000 toys sold in the U.S. between May and this month. Mattel last week recalled the plastic preschool toys, including popular Big Bird, Elmo and Dora characters, because they were made with paint found to have excessive amounts of lead.