Welcome to our dedicated page for Jakks Pacific news (Ticker: JAKK), a resource for investors and traders seeking the latest updates and insights on Jakks Pacific 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.
Disguise, the costume division of JAKKS Pacific (NASDAQ: JAKK), has entered a multi-year licensing agreement with Aniplex of America for 'Demon Slayer: Kimetsu no Yaiba' in several regions including North America, Australia, New Zealand, LATAM, Ireland, and the UK. This partnership allows Disguise to design, develop, and manufacture costume accessories inspired by the popular anime series, with products set to launch in 2025.
'Demon Slayer' is a highly acclaimed anime known for its compelling story, well-developed characters, and stunning animation. The series has a strong fan base and significant market appeal, which is expected to drive sales for Disguise's new product line.
Disguise has a 37-year history in the costume industry and has grown substantially in both domestic and international markets. The new 'Demon Slayer' costume accessories will be available in retail and online stores in 2025.
JAKKS Pacific and its costume division, Disguise, have partnered with Dav Pilkey to create toys and costumes based on the Dog Man graphic novel series and the upcoming Dog Man movie from DreamWorks and Universal Pictures. This partnership covers North America, the U.K., and Australia, with product launches planned for early 2025, aligning with the film's release in January 2025. JAKKS will offer plush toys, action figures, playsets, and costumes. The Dog Man series has sold over 60 million copies in 47 languages, with the latest book, Dog Man: The Scarlet Shedder, topping bestseller lists globally.
Disguise, Inc., a division of JAKKS Pacific, announced an extension of their licensing agreement with Moonbug Entertainment for CoComelon and Blippi costumes in North America. The new collection includes costumes for toddlers and adults, available online and in stores, with CoComelon being the number one preschool channel on YouTube and Blippi a global sensation with one billion monthly views.
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