Mattel 2nd-quarter profit falls, Barbie sales continue slide while American Girl sales climb

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FILE- In this July 16, 2012, file photo, Barbie products are displayed at a local toy store in Hialeah, Fla. Mattel, the biggest U.S. toy maker,reports quarterly earns on Wednesday, July 17, 2013. (AP Photo/Alan Diaz, File)

EL SEGUNDO, Calif. – Mattel’s second-quarter net income fell 24 per cent, pulled down by an impairment charge. The toymaker’s revenue edged up but came in below expectations.

In the April-to-June quarter, net income dropped to $73.3 million, or 21 cents per share. That compares with $96.2 million, or 28 cents per share, a year ago.

Analysts expected earnings of 32 cents per share and typically exclude unusual items.

Revenue for the El Segundo, Calif., company edged up to $1.17 billion from $1.16 billion as international sales grew. Still, this missed Wall Street’s $1.22 billion.

Sales of Mattel’s Barbie franchise declined for the fourth straight quarter. Sales of Monster High and American Girl products rose, while Fisher-Price and Hot Wheels sales dropped.

Mattel Inc. said Wednesday that its board declared a third-quarter dividend of 36 cents per share.

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