1807 ET - Mattel CFO Anthony DiSilvestro says on a call with analysts that tariffs will likely begin affecting the company during the third quarter. The maker of Hot Wheels cars and Uno playing cards expects to incur about $270 million in tariff-related costs this year under the current levy structure. This estimate doesn't include planned mitigation efforts, such as price increases and moving more of its production out of China, DiSilvestro adds. The recent quarter, in which Mattel logged higher sales and a wider loss, didn't include any tariff impacts. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 18:07 ET (22:07 GMT)
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