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.
JAKKS Pacific, Inc. (NASDAQ: JAKK) will release its first quarter 2023 financial results on April 27, 2023, following the close of trading. A teleconference to discuss these results will be held at 5:00 p.m. ET / 2:00 p.m. PT the same day, with a live webcast available on the company’s Investor Relations page. Investors are encouraged to join the call at least 15 minutes early. The company designs, manufactures, and markets a variety of toys and consumer products globally, featuring proprietary and licensed brands. Stay tuned as future plans and prospects may also be discussed during the call.
FAQ
What is the current stock price of Jakks Pacific (JAKK)?
What is the market cap of Jakks Pacific (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?
