Mattel and Ford Suspend Financial Forecasts Amid Uncertain Tariff Climate
Mattel and Ford have suspended their financial forecasts due to the unpredictable impact of tariffs, affecting their pricing strategies and stock performance.
Summary
Mattel Inc. and Ford have suspended their financial forecasts amid uncertainty from President Trump's tariffs, which have made it difficult to predict consumer spending and impacted pricing strategies. Mattel plans to increase U.S. toy prices in response to estimated tariff costs of $270 million, while Ford warned of significant financial impacts from tariffs on imports, particularly vehicles manufactured in Mexico. Both companies are navigating an unpredictable macroeconomic environment and addressing the impact on consumer demand. Their stock performances have also reflected the ongoing volatility, with Mattel shares down approximately 25% since February.
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