Financial Reports: Mattel, Grainger

Despite Strong American Girl Sales, 3Q Earnings Down at Mattel
EL Segundo, CA-based Mattel (NYSE: MAT) termed its third-quarter results “disappointing.” Earnings for the period fell 12%, to $225.3 million from $255.8 million last year. Net sales for the three months ended Sept. 30 were $1.67 billion, including benefits from currency exchange rates, flat with last year’s third-quarter sales,

The American Girl brand, which is sold via the eponymous catalogs, Website, and two destination stores, was a bright spot for the toy manufacturer. Third-quarter gross sales for American Girl increased 12%, to $69.1 million, primarily driven by the new American Girl Today doll and the stores.

In other company units, worldwide gross sales for Barbie were down 18%. Worldwide gross sales for the Wheels category, which includes the Hot Wheels, Matchbox and Tyco R/C brands, were up 4%, primarily driven by Hot Wheels.

Worldwide gross sales for the Entertainment business were down 7% for the quarter, due to sales declines from Yu-Gi-Oh! and JuiceBox, though sales of Batman products were higher.

Third-quarter worldwide gross sales for the Fisher-Price Brands business Unit were $727.4 million, a 6% increase from last year.

Lab Safety Division Boosts Grainger’s 3Q
Lake Forest, IL-based Grainger (NYSE: GWW) reported a 10% increase in third-quarter sales, to $1.4 billion for the three months ended Sept 30. What’s more, the maintenance, repair, and operations (MRO) supplies conglomerate, whose catalogs include Lab Safety Supplies, Gempler’s, and Ben Meadows, reported a 30% increase in net earnings, to $88.1 million.

Sales for the Lab Safety Supply division increased 13%, primarily from the AW Direct towing equipment catalog acquired in January and an increase in volume in the core product lines. Operating earnings for the division were up 9%.

As a result of its performance, Grainger increased its 2005 earnings per share estimate from $3.40-$3.60 to $3.60-$3.70.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.