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Mattel Inc.
Mattel fourth-quarter profit falls as Barbie sales drop again
Mattel fourth-quarter profit falls as Barbie sales drop again

Mattel Inc.'s fourth-quarter profit plunged as the struggling toy maker dealt with waning interest in its leggy Barbie doll and other core brands. The El Segundo company on Friday gave a deeper look at its weak holiday season, which prompted the resignation this week of Chief Executive and Chairman Bryan Stockton. Barbie, which has suffered more than two years of sales declines, reported an additional 12% drop in the fourth quarter. American Girl slid 4%. The infant and toddler line Fisher-Price was down 11%. One bright spot was Hot Wheels, which was up 5%.  Mattel said net income fell 59% to $149.9 million, or 44 cents a share, in the three months ended Dec. 31. Sales...

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