Cars 2, Barbie drive Mattel profits

It looks like Disney/Pixar's Cars 2 franchise has paid off for Mattel, according to the company's second quarter financial results. The world's largest toymaker saw global net sales increase by 14% to US$1.16 billion and overall profits totaled US$80.5 million for the period, a 56% rise from last year's US$51.6 million.
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July 15, 2011

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