Barbie-parent Mattel pulls forecasts, to hike U.S. prices as tariffs raise costs

News Snapshot:

Barbie-parent Mattel MAT-Q withdrew its annual financial targets on Monday and said it would increase prices for some products in the U.S. to counter higher input costs due to the Trump administration’s sweeping tariffs on key trading partners. Shares of the toymaker were down about 2 per cent in extended trading. They have fallen about 8 per cent so far this year. “Given the volatile macroeconomic environment and evolving U.S. tariff landscape, it is difficult to predict consumer spending and Mattel’s U.S. sales in the remainder of the year and holiday season,” it said. In tit-for-tat tariffs between the U.S....