Mattel delivered a winning fourth quarter, and issued an upbeat outlook for this year, and said it has a strategy for easing the impact of tariffs.

Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, as it takes actions — including potential changes to its prices — to offset a fresh round of tariffs from President Donald Trump.

KEY TAKEAWAYS Mattel shares are rising in premarket trading Wednesday, after the maker of Barbie dolls and Hot Wheels announced plans to mitigate the threat of tariffs by reorienting its supply chain and forecast a surprising growth in 2025 sales.

Mattel could soon raise the prices of toys such as Barbie and Hot Wheels in response to new tariffs imposed by President Donald Trump, executives said Tuesday.

The cost might rise for Barbie dolls, Hot Wheels cars and other Mattel products due to the Trump administration's handling of tariffs on goods produced in China, Mexico and Canada.

Mattel executive says it may have to charge consumers more for its toys because of higher tariff costs on imports from China.