13 ordspråk av Robert Eckert
Robert Eckert
2005 proved to be a challenging year for Mattel as we continued to experience extensive cost pressures and sales declines in the Barbie brand, which offset much of the growth we experienced throughout our portfolio.
|
Based on retail sell-through, we expect to see an improvement in international sales during the second half of the year,
|
Led by growth in our core brands including Barbie, Fisher-Price and Hot Wheels, Mattel has experienced increased sales domestically for the third quarter in a row,
|
My principal objective right now is to learn as much as I can. This is their day to ask me questions,
|
On Barbie, we're not out of the woods yet, but I do feel better about where we are than I have for the past nine months.
|
One quarter of a little domestic growth is not all we need, but it's clearly better than another quarter of decline.
|
Our prices have not kept pace with our cost increases, so we will certainly be working with customers in the months ahead, ... We are planning on taking price increases in 2006 to recover some of the costs we've experienced.
|
The key from our standpoint is to stop the cash drain. We are investing between a half-million and a million dollars every day in the Learning Co. We also wanted to participate in future value.
|
Third quarter results are disappointing as sales increases in much of our portfolio were offset by declines in the Barbie brand,
|
Today is a major step in cleaning up the past. This is a plan that will enable us to leverage our core brands and increase cash flow. I still believe the basic foundation of this enterprise -- our core brands -- is sound and has the opportunity to be as successful as ever.
|
We expect the year to continue to be challenging and have implemented price increases effective in the second quarter for the U.S..
|
We've been working hard on Barbie, and we do feel better about Barbie, but we're not out of the woods yet. It's clearly better than another quarter of decline.
|
Welcome to hell week,
|