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BUZZ-US toymakers fall on Trump trade tariff exposure concerns

ReutersFeb 3, 2025 2:20 PM

Shares of toy manufacturers Mattel MAT.O and Hasbro HAS.O slip in premarket trading on potential exposure to recent trade tariffs

On Sunday, President Donald Trump imposed sweeping levies on Mexico, Canada and China that will affect billions of dollars of trade

Barbie parent MAT and Funko FNKO.O down about 3% each; Monopoly maker HAS falls 2.6% before the bell

D.A. Davidson analyst Linda Bolton Weiser says Mattel's stock most exposed to tariff news with China making up 40% of company's sourcing, though below industry average of over 80%

Hasbro management's target to get China exposure down to about 20% in 2 to 4 years will face increased urgency for HAS' suppliers to build alternate locations, Weiser adds

About 33% of FNKO's products are manufactured in China with Loungefly, which is already under tariffs, representing 10 percentage points of that - D.A. Davidson analyst

Mattel reports Q4 results after markets close on Tuesday with analysts watching to identify a potential inflection point

Across 2024, MAT stock fell ~6%, Hasbro rose 9.5%, and FNKO jumped 73%

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