Mattel may raise toy prices, including Barbie and Hot Wheels, in response to new tariffs imposed by President Donald Trump, executives said Tuesday. The company manufactures about 40% of its toys in China. It is exploring supply chain adjustments to offset the impact but is also considering passing costs to consumers. Chief Financial Officer Anthony DiSilvestro noted on the company's earnings call that mitigating actions include leveraging supply chains and potential price hikes while working with retail partners to maintain consumer balance.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The channel may raise toy prices, including Barbie and Hot Wheels,
00:05in response to new tariffs imposed by President Donald Trump.
00:08Executives said this on Tuesday. The company manufactures about 40 percent of its toys in
00:13China. It is exploring supply chain adjustments to offset the impact, but is also considering
00:18passing costs to consumers. The CFO noted on the company's earnings call that mitigating actions
00:24include leveraging supply chains and potential price hikes while working with retail partners
00:28to maintain consumer balance. For all things money, visit Benzinga.com slash GSTV.