Barbie's Comeback Sputters at Mattel
- Strong dollar continues to weigh on overseas revenue
- Company reports first quarter without Disney licenses
Mattel's Barbie.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Mattel Inc. fell after posting a larger first-quarter loss than analysts estimated on weak sales from its flagship Barbie doll, suggesting its nascent turnaround had stalled.
Excluding some items, the loss was 13 cents a share in the quarter, El Segundo, California-based Mattel said in a statement Wednesday after the market closed. Analysts had estimated a loss of 7 cents a share on average, according to data compiled by Bloomberg.