, Columnist
The Toy Business Is Just Fine, Actually
A tough week for earnings doesn't tell the whole story of strong sales trends.
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It's been a tough week for some of the titans of the toy aisle.
Mattel Inc. reported on Thursday that, even as its net revenue rose 2 percent in the latest quarter over a year earlier, sales declined at flagship properties Barbie, Fisher-Price and American Girl. That came just days after Hasbro Inc.'s stock fell more than 9 percent in a single day as it reported weakness in its U.K. and Brazil markets and a steep decline in revenue in the division that includes Playskool and Easy-Bake Oven.