Mattel considers raising prices on toys to mitigate tariff impact
1. Mattel considers price hikes to counteract new tariffs on imports. 2. Tariffs include a 10% levy from China and 25% from Mexico/Canada. 3. Less than 40% of production occurs in China, reducing tariff exposure. 4. Targeted 2025 growth: 2%-3% in sales despite tariff impacts. 5. Plans for production diversification to limit reliance on single countries.