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.

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.

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

Mattel says it plans to raise toy prices to counter the 10% China tariffs implemented by President Donald Trump.