Welcome to our dedicated page for Jakks Pac news (Ticker: JAKK), a resource for investors and traders seeking the latest updates and insights on Jakks Pac stock.
Jakks Pacific Inc. (NASDAQ: JAKK) is a premier designer, manufacturer, and marketer of a broad range of consumer products, with a primary focus on toys and children's entertainment merchandise. Based in Santa Monica, California, Jakks Pacific serves customers globally, delivering a diverse portfolio of products that include action figures, dolls, dress-up costumes, electronics, plush toys, seasonal items, and more.
The company holds licenses for some of the most iconic brands and characters from leading entertainment giants such as Disney, Nickelodeon, Pokémon, Warner Bros., and Hello Kitty. Jakks Pacific also operates several proprietary brands like Creative Designs International™, Road Champs®, Funnoodle®, Jakks Pets™, Plug It In & Play TV Games™, Kids Only!™, Tollytots®, and Disguise™.
In the latest financial results, Jakks Pacific reported a third consecutive annual increase in gross profit dollars, reflecting a robust financial standing. Despite a slight decline in net sales for the fourth quarter of 2023, the company saw a 1% increase in the Toys/Consumer Products segment globally. Jakks also successfully reduced its inventory by 35%, showcasing efficient inventory management. The company has zero total debt as of December 31, 2023, a significant improvement from $67.2 million the previous year.
Recent highlights include launching a new line of The Simpsons toys, which includes action figures, plush toys, and playsets. This launch targets fans of the long-running animated series, enhancing Jakks' reputation for tapping into beloved franchises.
Furthermore, Jakks Pacific has announced a partnership with Dreamworks and Dav Pilkey for a new Dog Man toy line, scheduled to coincide with the release of the Dog Man animated feature film in early 2025. This collaboration aims to capture the vibrant and loyal fanbase of the Dog Man book series.
Jakks Pacific continues to innovate and expand its product lines, ensuring it remains a key player in the competitive toy industry. Their ongoing projects and strategic partnerships are designed to solidify their market position and drive long-term growth.
JAKKS Pacific (NASDAQ: JAKK) reported Q4 2024 financial results with net sales of $130.7M, up 3% year-over-year. The company saw mixed performance across segments, with Costumes sales rising 46% to $12.5M while Toys/Consumer Products declined 1% to $118.2M.
For full-year 2024, net sales decreased 3% to $691.0M, with gross margin at 30.8%. Operating income declined 33% to $39.7M, and net income attributable to stockholders was $35.3M. The company maintained a strong cash position of $70.1M despite using $20M to eliminate preferred stock.
Notably, the Board approved initiation of a quarterly cash dividend of $0.25 per share, payable March 31, 2025. The company achieved over 75% FOB business globally in 2024 and saw improved Q4 retail performance with mid-single-digit POS growth at its three largest US accounts.
JAKKS Pacific (NASDAQ: JAKK) has scheduled its fourth quarter and full year 2024 earnings announcement for Thursday, February 20, 2025, after market close. The company will host a teleconference and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results and potentially address future plans and prospects.
Analysts, investors, and media are invited to participate in the call, which will be accessible via webcast on the company's investor relations webpage. Participants joining by phone are encouraged to dial in ten minutes before the scheduled start time. A replay of the webcast will be available for a time on the company's investor relations site.
JAKKS Pacific (NASDAQ: JAKK) has launched its first complete line of figures and plush toys based on Dav Pilkey's Dog Man series, coinciding with DreamWorks Animation and Universal Pictures' theatrical release on January 31, 2025. The product line, available at major retailers including Amazon, Walmart, and Target, has shown promising sales trends since mid-January.
The collection includes 5-inch action figures priced at $14.99, featuring Dog Man with 16 points of articulation and Petey with 14 points of articulation, each coming with character-specific accessories. A Feature Plush ($24.99) with interactive elements and a Supa Cool Figure Pack ($19.99) containing five detailed figures are also part of the lineup. All products target children aged 4 and up.
Disguise Inc, the costume division of JAKKS Pacific (NASDAQ: JAKK), has secured exclusive global licensing rights to create costumes based on A MINECRAFT MOVIE, set to release on April 4, 2025. The live-action film, directed by Jared Hess, stars Jack Black as Steve and Jason Momoa as Garrett 'The Garbage Man' Garrison.
This agreement strengthens Disguise's existing partnership with Minecraft, the world's most popular video game. The company already produces costumes of iconic characters like Steve, Alex, Ender Dragon, Enderman, and Creeper. According to Tara Cortner, President & GM of Disguise, the company expects the movie to significantly boost their Minecraft costume sales globally.
The film follows a group of misfits traveling through a portal to the Overworld, combining the game's creativity with themes of teamwork and resilience. New costume designs inspired by the movie will expand the brand's reach in 2025.
JAKKS Pacific announces the fall release of new Nintendo-licensed products for the holiday season. The lineup includes the Super Mario Course Complete Playset ($21.99), Legend of Zelda Link action figure ($10.99), Metroid Prime Samus figure ($10.99), and the Mario Kart Mini Anti-Gravity R/C Racer ($44.99). The company also announces a multi-year extension of its global licensing agreement with Nintendo of America, continuing their decade-long partnership in developing Nintendo-themed toys and consumer products.
JAKKS Pacific reported Q3 2024 financial results with net sales of $321.6 million, up 4% year-over-year. Toys/Consumer Products sales increased 7% to $264.3 million, while Costumes sales decreased 10% to $57.3 million. Operating income rose 9% to $68.1 million, with net income reaching $52.3 million or $4.64 per diluted share. Gross margin was 33.8%, down 70 basis points from Q3 2023. The company showed strong performance in Dolls, Role Play/Dress-Up (+5.5%), Action Play & Collectibles (+5.4%), and Outdoor/Seasonal Toys (+42.4%), despite weakness in the Costumes segment.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has announced its upcoming third quarter 2024 financial results release and earnings call. The company will disclose its financial performance on Wednesday, October 30, 2024, after the stock market closes. Following the release, JAKKS Pacific will host a teleconference and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results and potentially address future plans and prospects.
Analysts, investors, and media are invited to participate in the call. A live webcast will be available on the company's website at www.jakks.com/investors. For phone access, participants are encouraged to register in advance using the provided link and dial in ten minutes before the scheduled start time to avoid delays. A replay of the webcast will be accessible for a time on the company's investor relations page.
Disguise, Inc., a leading costume designer and manufacturer, has secured rights to create and distribute costumes and accessories for Paramount Animation and Hasbro's TRANSFORMERS ONE in North America, LATAM, and select EMEA channels. The film, released on September 20, 2024, explores the origin story of OPTIMUS PRIME and MEGATRON. Disguise's new collection features beloved characters like Optimus Prime and Bumblebee, along with new faces from the TRANSFORMERS universe.
Tara Cortner, President and GM of Disguise, Inc., expressed excitement about supporting the origin story behind their top-selling TRANSFORMERS costumes. The company anticipates significant retail success following the successful launch of TRANSFORMERS ONE. The costumes and accessories are now available in stores and online across North America, LATAM, and some EMEA channels, just in time for the fall season.
Disguise, Inc., a division of JAKKS Pacific, Inc. (NASDAQ:JAKK), has secured a new multi-year agreement with Innersloth for global costume rights for the popular game Among Us. The deal, facilitated by Dual Wield Studio, will see Disguise designing, marketing, manufacturing, and distributing costumes and accessories worldwide, with the first products set to launch in Fall 2025.
Among Us, a social deduction game set in space, gained immense popularity in 2020, reaching a peak where 7% of the global population was playing. An animated show based on the game is currently in development at CBS Studios, featuring voices of Elijah Wood, Randall Park, and Yvette Nicole Brown.
JAKKS Pacific (NASDAQ: JAKK) announces two of its products featured on Walmart's Top Toys list for 2024. The Sonic the Hedgehog 3 - Ultimate Talking Sonic ($39.83) and Wild Manes Sugar Crush Carnival Set ($21.97) will be available this fall. The Sonic toy stands 12 inches tall with 15 articulation points, 30+ phrases, and light-up features. The Carnival Set includes Candi, an articulated horse, with a wheeled cart and accessories.
Jon Trent, Executive VP of Sales at JAKKS Pacific, expressed honor at the recognition, highlighting the company's commitment to innovative, high-quality toys. This acknowledgment underscores the strength of JAKKS Pacific's product line and team efforts.
FAQ
What is the current stock price of Jakks Pac (JAKK)?
What is the market cap of Jakks Pac (JAKK)?
What does Jakks Pacific Inc. specialize in?
Which major brands and licenses does Jakks Pacific hold?
What are some of Jakks Pacific's proprietary brands?
How did Jakks Pacific perform financially in recent quarters?
What recent products has Jakks Pacific launched?
Where is Jakks Pacific headquartered?
What types of products are included in Jakks Pacific's portfolio?
Is Jakks Pacific involved in any charitable activities?
How does Jakks Pacific maintain its competitive edge?
What is the current debt status of Jakks Pacific?
