1314 ET - Mattel expects higher profit and revenue in 2025, achieved through a combination of volume and price. Over the past few years, the maker of Hot Wheels cars and Barbie dolls has expanded its customer base, extended its product lines and increased its distribution, all of which have helped raise sales volumes, CFO Anthony DiSilvestro says at the UBS Global Consumer and Retail Conference. Now, "given the tariff situation, pricing is likely to enter the mix this year," he adds. In thinking about pricing, DiSilvestro says that Mattel strives to offer products for all consumers, regardless of purchasing power: "We range all prices, right from $1.25 Hot Wheels…to adult collector items that are more than $500." Shares fall 2.8%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 13:14 ET (17:14 GMT)
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