Fisher-Price, a unit of toymaker Mattel, on Thursday said it will recall about 10 million toys and other items in the United States and Canada due to the potential for serious injuries.
Mattel’s shares fell on the announcement that the products, including Little People Wheelies Stand ‘n Play Rampway; Fisher-Price tricycle models; Healthy Care, Easy Clean and Close to Me high chairs; and various infant toys with inflatable balls, were recalled after some injuries, including lacerations and choking hazards, were reported.
“Another 10 million recalled toys demonstrates the growing epidemic of hazardous products lurking in people’s homes across America,” said Dan Verakis, founder and CEO of Safetybook.org.
Sterne Agee analyst Margaret Whitfield said the share dip was a buying opportunity. “Mattel is going to have a very strong holiday season,” she said.