Well, the numbers are in. Despite being plagued by massive recalls last year, El Segundo, California-based toyco Mattel reported worldwide net sales of US$2.19 billion for the year – an increase of 4% from 2006′s take.
For the all-important Q4, Mattel brought in US$328.5 million, up from US$286.4 million for the same period last year. The company also reported net income of US$600 million for the quarter, compared to last year’s US$592.9 million, representing a gain in a tough year for toy companies owing to widespread recalls of Chinese-made products and an economic downturn in the US.
It’s worth noting that the toy giant did suffer somewhat domestically, marking a 3% drop in net sales for Q4 that was offset by a 4% bump in international net sales and an 18% spike in gross revenue in international territories.
For the year, worldwide net sales were up 6%, while domestic gross was down 1% and international gross sales were up 17%.
Mattel’s core brands fared well in gross sales, including Barbie (up 1%) and Hot Wheels and Fisher-Price which were up an impressive 16% and 19%, respectively.
Mattel’s Q4′s number also reflects US$42 million in expenses related to the toy recalls.