JAKKS Pacific Toys Named in Walmart’s Top Toys for 2024

Rhea-AI Summary

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.

Positive

• Two JAKKS Pacific products featured on Walmart's Top Toys list for 2024
• Products will be available for the holiday season, potentially boosting sales
• Recognition from major retailer Walmart may increase brand visibility and consumer interest

Negative

• None.

Market Research Analyst

The inclusion of JAKKS Pacific's toys in Walmart's Top Toys list for 2024 is a positive indicator for the company's holiday sales potential. Walmart, being a major retailer, can significantly boost product visibility and sales. However, the impact on JAKKS' overall financial performance may be .

While this news demonstrates JAKKS' ability to create appealing products, it's important to note that two items on a top toys list don't guarantee substantial revenue growth. The toy industry is highly competitive and success often depends on broader product portfolios and market trends.

Investors should consider this as a moderately positive signal but shouldn't overestimate its importance. It's important to examine JAKKS' full product line, market share and financial statements for a comprehensive assessment of the company's prospects.

Financial Analyst

While being featured on Walmart's Top Toys list is favorable for JAKKS Pacific, its financial impact remains uncertain. The company's stock (NASDAQ: JAKK) may see a short-term boost from this news, but long-term performance depends on various factors.

Key considerations for investors include:

• Potential increase in Q4 2024 revenue, given the holiday season focus
• Margins on these specific products and their contribution to overall profitability
• JAKKS' ability to meet potential increased demand without supply chain disruptions

While this news is positive, it's important to analyze JAKKS' full financial statements, market share trends and competitive position before making investment decisions. The toy industry's cyclical nature and sensitivity to consumer spending patterns should also be factored into any financial projections.

SANTA MONICA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK), a global leader in toys and consumer products, is thrilled to announce that two of its products have earned a spot on Walmart’s Top Toys list for 2024. The featured items, the Sonic the Hedgehog 3 - Ultimate Talking Sonic and the Walmart Exclusive - Wild Manes Sugar Crush Carnival Set, will be available this fall, just in time for the holiday season.

The Sonic the Hedgehog 3 - Ultimate Talking Sonic is designed to be the ultimate Sonic toy! Standing at 12 inches tall with 15 points of articulation, this figure perfectly captures Sonic’s iconic movie aesthetic. With over 30 phrases and sounds straight from the films, plus light-up eyes and quills, fans can bring Sonic’s adventurous spirit to life. The figure’s interactive features are triggered by pressing Sonic’s chest, hands, and sneakers for a dynamic play experience. Available now at Walmart for $39.83, it’s a must-have for collectors and fans alike.

Also making its debut is the Wild Manes Sugar Crush Carnival Set, priced at $21.97. This playful set includes Candi, a beautifully articulated horse with front limbs perfect for show-stopping carnival performances. The set comes with a wheeled Sugar Crush Carnival cart, complete with fun accessories like popcorn, soda, and carnival tickets. Candi features horseshoe-shaped clips to hold onto her phone and other accessories, and she’s dressed in carnival-ready attire with a gold crown, two hair clips, and a stylish lollipop brush.

“We are honored to have two of our products recognized on Walmart’s Top Toys list this holiday season,” said Jon Trent, Executive Vice President of Sales at JAKKS Pacific. “This recognition highlights our ongoing commitment to creating innovative and high-quality toys that spark the imagination of both children and families. It also acknowledges the hard work of our team and the strength of our product line. We are excited to see Walmart shoppers discover and enjoy these toys as they hit the shelves.”

About JAKKS Pacific, Inc.:
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo®, and Wild Manes™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), Twitter (@jakkstoys) and Facebook (@jakkspacific.toys).

©2024 JAKKS Pacific, Inc. All rights reserved

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/3651a2c3-fff7-4fb9-a800-bd2cc2a13082

https://www.globenewswire.com/NewsRoom/AttachmentNg/c0b07d7b-0133-42ce-8c18-b5b02a6fe078

FAQ

What JAKKS Pacific toys are on Walmart's Top Toys list for 2024?

The Sonic the Hedgehog 3 - Ultimate Talking Sonic and the Walmart Exclusive - Wild Manes Sugar Crush Carnival Set are on Walmart's Top Toys list for 2024.

How much does the Sonic the Hedgehog 3 - Ultimate Talking Sonic toy cost at Walmart?

The Sonic the Hedgehog 3 - Ultimate Talking Sonic toy is priced at $39.83 at Walmart.

What features does the JAKKS Pacific Sonic the Hedgehog 3 toy have?

The Sonic toy stands 12 inches tall, has 15 points of articulation, over 30 phrases and sounds, light-up eyes and quills, and interactive features triggered by pressing various parts of the figure.

What is included in the Wild Manes Sugar Crush Carnival Set by JAKKS Pacific?

The set includes Candi (an articulated horse), a wheeled Sugar Crush Carnival cart, accessories like popcorn and soda, and Candi's outfit including a gold crown, hair clips, and a lollipop brush.