By Gayathree Ganesan

Jan 25 (Reuters) - Mattel Inc, the largest U.S. toymaker, reported holiday-quarter sales and profit that fell far short of analysts' estimates, hurt by increased competition and weak demand in North America.

The company said the weak holiday performance would hurt current-quarter sales, and it shares slumped about 9 percent at $28.67 in after-market trading on Wednesday. Rival Hasbro Inc's stock fell 4.1 percent to $83.20.

Mattel's net revenue fell 8.3 Top hypercars Gallery percent to $1.83 billion in the fourth quarter. Analysts on average had expected $1.96 billion, according to Thomson Reuters I/B/E/S.

Sales in North America, the company's biggest market, fell 7 percent during the quarter, while sales overseas fell 2 percent.

Total sales in Mattel's girls and boys brands division, which includes Barbie, fell 7 percent in the fourth-quarter. They were down 3 percent in constant currency.

Sales of Barbie dolls also lost momentum, falling 2 percent after rising for three straight quarters. In constant currency, they rose 1 percent.

Gross margins declined 3.2 percentage points to 47 percent.

On a conference call with analysts, Mattel said its sales were hurt by heightened promotional activity due to a slump in consumer purchases during the first three weeks of December.

"Our results were negatively impacted by a number of industry-wide challenges, including a significant U.S. toy category slowdown in the holiday period," outgoing Chief Executive Christopher Sinclair said in a statement.

Mattel, which had been scheduled to release results on Feb. 1 but unexpectedly released them on Wednesday, said elevated inventory levels at the end of the fourth quarter would hurt current-quarter revenues. Overall, the impact would be less than 2 percent to total sales in 2017, the company said on the call.

Market research group NPD Group in a report released on Wednesday said the toy industry expanded 5 percent in 2016 as customers took advantage of early Cyber Monday online promotions during Thanksgiving week and spent more in the week before Christmas. Growth was led by toys based on the Star Wars franchise, whose license is owned by Hasbro.

But the sales growth missed NPD's own forecast of 6.5 percent that it issued in November.

Mattel's net income fell to $173.8 million, or 50 cents per share, in the latest quarter, from $215.2 million, or 63 cents per share, a year earlier.

Excluding certain items, the company earned 52 cents per share. Analysts on average were expecting 71 cents per share. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj Kalluvila and Leslie Adler)

댓글 0

번호 제목 글쓴이 날짜 조회 수
공지 말레이시아한국학교 관련하여 자유롭게 질문을 하는 공간입니다. ksmy 2016.07.16 145154
132 Redesigning Tips And Tricks For Everyone TammiHaas5345789 2016.12.27 81
131 Enhance Your Home's Indoor With One Of These Straightforward Recommendations TheronBurnes171 2016.12.27 60
130 American Girl Doll Clothes Buying Guide MarilouManess16695657 2016.12.27 187
129 Your Home Sensing Drab? Try Some Interior Design Modifications PhyllisLoy551942 2016.12.27 770
128 You Can Easily Handle All Your Travel Prep With These Tips Courtney2571327363271 2016.12.27 49
127 Detailed Notes On [D:\a\key-en.txt In Step By Step Order CharmainTillyard752 2016.12.27 63
126 Embellish Your Home With These Home Design Recommendations BrunoBurdine018 2016.12.27 62
125 Methods To Assist You Discover HVAC Good Results Rufus791670954307 2016.12.27 59
124 8 Smart Ways To Keep Baby's Clothes Looking And Feeling Great LonMenzies87430206 2016.12.27 161
123 Óleo De Coco Para Queda De Cabelo Como Usar? FloydNester583525241 2016.12.27 1144
122 Cirurgia Plástica Em Belo Horizonte Você Sabia Que Calvície Possui Tratamento? TerrellI4536313 2016.12.27 1154
121 Great Redesigning Starts With These Actions MarlysSilva1082 2016.12.27 51
120 Interior Decorating Techniques For Somebody Planning To Boost Their Home Anh29T3163285007 2016.12.27 56
119 Enhance Your Environment With One Of These Decor Ideas MikeSouthard572049 2016.12.27 56
118 Nine Ways [D:\a\key-en.txt Can Make You Invincible CristinaLoos40129 2016.12.27 6531
117 Anyone Can Achieve Great Redecorating AllisonBello59884250 2016.12.27 1755
116 Nam Cat Tien National Park Adventure Tours In Vietnam Antony21X5329491603 2016.12.27 937
115 Wonderful Suggestions That You May Possibly Not Know Regarding Heating And Air Conditioning Products RandallBruni67509 2016.12.27 77
114 Redecorating Advice That Is Easy To Understand KristieU5590213367846 2016.12.27 61
113 Being Affected By Your Homes Roof? Try The Following Tips! KristoferConner0855 2016.12.27 1775