Toymaker Mattel said its considering raising prices in response to President Donald Trump's new tariffs on China and potential duties on Mexico and Canada. The toy giant behind popular brands like Barbie and Hot Wheels sources about 40% of its goods from China, which Trump slapped with a new 10% tariff.
MAT's Q4 margins reflect benefits from supply-chain efficiencies, savings from the Optimizing for Profitable Growth program and foreign exchange favorability.
Mattel (MAT) shares are rising more than 12% in premarket trading Wednesday, after the maker of Barbie dolls and Hot Wheels announced plans to mitigate the threat of tariffs by relying on its supply chain and price rises. It also forecast a surprising growth in 2025 sales.
Mattel shares surged 14% in premarket trading on Wednesday after the Hot Wheels maker provided an upbeat annual profit forecast and hinted at stabilizing toy demand, despite tariff-related uncertainty.
Mattel, Inc. (NASDAQ:MAT ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Jenn Kettnich - Vice President, Investor Relations Ynon Kreiz - Chairman and Chief Executive Officer Anthony DiSilvestro - Chief Financial Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Alexander Perry - Bank of America Megan Clapp - Morgan Stanley Chris Horvers - JPMorgan Arpine Kocharyan - UBS Eric Handler - Roth Capital Fred Wightman - Wolfe Research Linda Bolton-Weiser - D.A. Davidson Operator Hello, my name is Jessica, and I will be your conference operator today.
The headline numbers for Mattel (MAT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Mattel (MAT) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.29 per share a year ago.
Mattel said net income of $141 million dipped by $6 million on revenue that nosed up 2% to $1.65 billion, beating estimates for the quarter and offering a higher than expected full-year forecast that pushed the stock higher.
Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts' expectations, as it takes actions — including potential changes to its prices — to offset a fresh round of tariffs from President Donald Trump.
Mattel (MAT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MAT's fourth-quarter top line is likely to have been aided by robust demand for Hot Wheels.
Mattel (MAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.