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Strong consumer demand led to ‘best performance in years’

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The holiday shopping season produced the best end-of-the-year quarter for Mattel in more than a dozen years after toy sales increased by double digits, outpacing the industry, CEO Ynon Kreiz told CNBC’s Jim Cramer Wednesday.

In its fourth-quarter report released after Tuesday’s close, Mattel posted $1.6 billion in sales, up 10% from the year-ago quarter. It marks the first time the toymaker’s sales grew double digits in a holiday quarter since 2006 when the figure rose more than 14%.

“This was an exceptional quarter for Mattel with our best performance in years with strong consumer demand and another milestone year for the company,” Kreiz said in a “Mad Money” interview.

The performance,…



Source cnbc.com

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