Mattel Inc. , the world's top toy company, reported a slightly higher-than-expected quarterly profit, helped by its classic brands like Barbie and newer lines like Disney Princess and Monster High dolls.
The world's largest toy company also struck a positive note ahead of the busiest selling season of the year.
"While the all-important holiday season is still in front of us, we remain on track to deliver solid revenue and profit growth driven by our portfolio of brands" and global operations, Chief Executive Officer Robert Eckert said.
Third-quarter net income rose to $283.3-million (U.S.), or 77 cents a share, from $229.8-million, or 63 cents a share, a year earlier.
Analysts on average were expecting a profit of 76 cents a share, according to Thomson Reuters I/B/E/S.
Sales rose 2 per cent to $1.83-billion, with increases of 3 per cent domestically and 2 per cent internationally.
Barbie sales were up 6 per cent, while demand for other key brands like Hot Wheels and Fisher-Price fell considerably.Report Typo/Error