Mattel Loss Narrower Than Estimates in Q1, Revenues Surpass

Mattel, Inc. (MAT) reported first-quarter 2025 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Moreover, both metrics improved year over year.Mattel plans to raise prices on select toys in the United States as it grapples with rising costs linked to new tariffs imposed by the Trump administration on imports from China and other nations. Despite fast-tracking efforts to shift production away from China, management says price hikes are necessary to offset the impact.Due to on ...