Mattel's (MAT) Fisher-Price Announces Worldwide Toy Recall; Expects 1c Impact on FY10 EPS

Mattel, Inc. (NYSE: MAT) announced that their Fisher-Price, Inc. subsidiary has recalled the following, worldwide:

1. certain toddler tricycles (recalled because of risk of injury if a child strikes, sits or falls on a protruding toy plastic key);
   
   
2. certain high chairs (recalled because of risk of injury if a child falls on or against tray storage pegs on the rear chair legs);
   
   
3. a toy vehicle play set (recalled because of a choking hazard resulting from wheels that can be released from the vehicles as small parts); and
   
   
4. certain infant toys with inflatable balls (recalled because of a choking hazard resulting from valves that can be released from the balls as small parts).

Mattel expects the cost of these recalls, which will be recorded in the third quarter of 2010, to reduce its 2010 full-year earnings by approximately $0.01 per share.

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