Toymakers fall on concerns over Trump trade tariff exposure

Funko

03/02/2025 16:15

(Updates)
    ** Shares of toy manufacturers Mattel  MAT.O  and Hasbro
 HAS.O  slump 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 down as much as 5%, Monopoly maker HAS
falls 4% 
    ** "Given Hasbro's sizable gaming business, the company
overall as a percentage of its profitability is less exposed to
tariff risk vs. Mattel," says UBS analyst Arpine Kocharyan
        ** "In case of a universal tariff on China, toys would
be included but it is also likely that toys could remain
tariff-free under some exemption rules, including de-minimis
exemption rule" - UBS analyst Kocharyan
  
    ** Toys were included in the "tariff reprieve" back in
December of 2019; only certain games that were not qualified as
"toys" but were under hobby category were subject to tariffs of
around 7.5%
    ** Pop culture figurines maker Funko dips  FNKO.O  1.5% and
Canada-listed Spin Master  TOY.TO  down as much as 5%
    ** Mattel reports Q4 results after markets close on Tuesday
    ** In 2024, MAT stock fell ~6%, Hasbro rose 9.5%, and FNKO
jumped 73% 

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))