Mattel Inc. ( MAT ) shares are trading higher Tuesday, even after the toymaker announced it would pause its full-year 2025 guidance due to tariff uncertainty.

What To Know: The move comes alongside better-than-expected first-quarter results and a series of cost-cutting plans aimed at offsetting future trade-related impacts.

In the first quarter, Mattel ( MAT ) reported revenue of $827 million, surpassing analyst expectations of $786 million. The company posted an adjusted loss of three cents per share, narrower than the expected 10-cent loss. Revenue rose 2% year-over-year, with gains in both North American and international markets. Gross margin improved to 49.4%, up from 48% a year earlier.

Despite the solid quarterly performance, Mattel ( MAT ) said it is withholding forward guidance as it evaluates the effects of the evolving U.S. tariff landscape. The company said it plans to mitigate potential cost increases through supply chain diversification, product sourcing adjustments, pricing changes, and additional cost-saving measures. It raised its 2025 cost savings target from $60 million to $80 million.

MAT Price Action: Mattel ( MAT ) shares were up 2.50% at $16.61 at the time of writing, according to Benzinga Pro.

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