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Published: 03 March 2021
Despite the Corona pandemic and extremely difficult conditions in global markets, American children's toy manufacturer Mattel registered strong sales growth over the last Christmas holiday season, thanks to strong demand for Barbie dolls and Hot Wells cars.
In a statement after the close of trading on the New York Stock Exchange (NYSE), the company stated that its net sales in the last quarter of last year increased by 10% per year to 1.6 billion distinct chapters for the company, in which we achieved our best performance in years, under a pandemic and very difficult market conditions, our results exceeded expectations.
Unon Crits, CEO of Mattel, said in a statement, "This is...
Mattel's sales of the classic Barbie doll increased 19% annually while those of the Hot Wells increased 13% annually.
The United States made a quarterly profit of $130.5 million in the last quarter of last year, compared with marginal profits in the same period the previous year.
At the same time, Mattel's total profit last year was $126.6 million, due to the large repercussions of the new Corona virus pandemic, on the company's performance during t