Goldman Sachs Comments on Mattel Quarterly Reports

In a comment report issued earlier today, the Goldman Sachs Group, Inc. offered their commentary on the quarterly results for Mattel, Inc.

. Goldman Sachs went on to say “US sales were down 9%. MAT indicated that sales at retail were better than retailer orders, indicating that retail de-stocking drove some of the decline. In addition, MAT indicated that $25-30 mn of the decline was due to lower CARS [the Disney/Pixar film] toy sales vs. last year's movie year. However, some of its biggest brands (Barbie, Hot Wheels, Fisher-Price) were down.” Mattel, Inc. closed at $34.13 on Friday.