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Mattel has released its second quarter 2019 results, reporting net sales up two per cent to US$860.1 million in the period. 

Gross sales for the business also increased by one per cent to US$962.3 million during the quarter. 

By category, dolls' gross sales were up three per cent to US$273.4 million, with Barbie gross sales up nine per cent. Overall, the vehicles category was flat, however Hot Wheels gross sales increased five per cent in Q2. 

Action figures, building sets and games categories combined gross sales increased 21 per cent to US$222.7 million, while the infant, toddler and preschool category gross sales were down 13 per cent. Fisher-Price and Thomas & Friends gross sales slipped six per cent in the quarter. 

Geographically net sales in the North America category were up two per cent, while international net sales increased five per cent in Q2. 

Mattel chairman and CEO Ynon Kreiz said that these results demonstrate that the progress of the turnaround strategy is not slowing down. 

"This quarter further demonstrates the continued momentum of our multi-year turnaround strategy.

"We delivered topline growth in our North America and International segments across all regions, as well as growth in all categories except one, exceeded our Structural Simplification target and still expect additional savings, achieved the fourth consecutive quarter of improved profitability and continued to make progress in laying the groundwork to capture the full value of our IP.

"We continue to gain traction and remain on-track to transform Mattel into an IP-driven, high-performing toy company," he said. 

To read the full report, click here

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