1016 ET - Less than 50% of Mattel's global product is made in China, which means a 10% tariff could have an impact of 15 cents to 16 cents EPS for the toy company, according to UBS analysts. While toy stocks may see downward pressure Monday, the analysts believe Mattel shares will move higher over time thanks to a decent holiday season and a number of movie partnerships. The whole toy industry has more than 80% exposure to China, but the sector may avoid some tariffs. In 2019, many toys were included in the "tariff reprieve" and certain games that were not qualified as toys, but were under hobby category, were subject to tariffs of around 7.5%, UBS says. Mattel is off 4.3% and Hasbro is down 3.1%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 10:16 ET (15:16 GMT)
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