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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) has launched an exciting collaboration with Ami Amis on Roblox, enhancing the 'Fashion Famous' experience. This immersive partnership allows fans to engage in carnival games and earn tokens redeemable in the Ami Amis area. The launch introduces over 200 new Ami Amis characters to collectors, ranging from Common to Ultra Rare designs, enriching the toy line aimed at fans of all ages. Wave 1 of Ami Amis is currently available in Walmart stores, with Wave 2 set to launch soon. The collaboration aims to bolster brand presence and foster community engagement through interactive activities, emphasizing JAKKS Pacific's commitment to innovation and growth in the consumer products sector.
JAKKS Pacific (NASDAQ: JAKK) announces its participation in a panel at WonderCon in Anaheim, CA, scheduled for March 24, 2023, from 5 PM to 6 PM. The company will unveil its 2023 toy and collectible releases, including products from Sonic the Hedgehog and Apex Legends. In celebration of key anniversaries, JAKKS will introduce a new line of collectible Shelf Talkers featuring characters like The Dude and Beavis. Disguise Inc. will debut its new costume line for the Dungeons & Dragons film and showcase additions for Minecraft and Sonic Prime. The session includes a Q&A and giveaways for attendees, with a livestream available on Instagram.
JAKKS Pacific, Inc. (NASDAQ: JAKK) announced its participation in a panel at WonderCon in Anaheim, CA on March 24, 2023, from 5 PM to 6 PM. The event will showcase the upcoming toy and collectible releases linked to the new animated film, The Super Mario Bros. Movie, including products like the Rumble R/C Kart Racer. Craig Drobis, SVP of Marketing, highlighted the successful sales of the new product line. Attendees will have the opportunity for a Q&A with the development team and receive giveaways. The panel will also be livestreamed on Instagram.
JAKKS Pacific, Inc. (NASDAQ:JAKK) announced a multi-year partnership with PhatMojo to produce costumes and accessories for the popular horror survival game PIGGY, starting in fall 2023. This agreement allows Disguise, Inc., JAKKS's leading costume division, to leverage its expertise in the growing market of horror-themed video games. PIGGY boasts over 11.4 billion game visits and 6 billion YouTube views, indicating its substantial fanbase. With 36 years of experience, Disguise aims to create appealing costumes tailored to the franchise's popularity, expanding its product offerings across North America.
JAKKS Pacific, Inc. (JAKK) announced its Q4 and full-year 2022 financial results, showing a 30% decrease in Q4 net sales at $131.9 million, impacted by early customer orders and previous high demand. However, the company achieved 28% annual sales growth totaling $796.2 million, with North America up 27%.
Net income for Q4 was $38.9 million, a turnaround from a loss in Q4 2021. Adjusted EBITDA for 2022 increased 55% to $76.4 million. Long-term debt saw a 55% reduction year-over-year, supported by a cash flow sweep provision. The company is optimistic about 2023 with plans for new product launches and improved inventory management.
Disguise, Inc., a leading costume division of JAKKS Pacific (NASDAQ:JAKK), announced its acquisition of the costume rights for Afro Unicorn in North America and EMEA starting in 2023. This collaboration aims to uplift and celebrate women and children of color through diverse costume designs. Notable for being the first Black-owned licensed character brand in major retail, Afro Unicorn has rapidly expanded into 25 product categories. Disguise will launch Afro Unicorn costumes in major retail and specialty stores by fall 2023, supporting the brand's mission of representation.
JAKKS Pacific, Inc. (NASDAQ: JAKK) will announce its Q4 and full-year 2022 financial results on March 9, 2023, after market close. A teleconference and webcast will be held at 5:00 p.m. ET to discuss the results and future plans. Participants can access the live webcast on the company's Investor Relations page or through a phone registration link. A replay will also be available afterward.
JAKKS, based in Santa Monica, California, specializes in designing, manufacturing, and marketing popular toys and consumer products worldwide, including acclaimed brands like Perfectly Cute™ and AirTitans®.
JAKKS Pacific, Inc. (NASDAQ:JAKK) announced the renewal of its partnership with Microsoft, allowing its costume division, Disguise, Inc., to remain the exclusive costume partner for the popular game, Minecraft. This multi-year agreement enables Disguise to design, market, and distribute Halloween costumes and accessories based on Minecraft starting in 2023. With Minecraft being a top-selling brand for costumes globally, Disguise aims to expand its international presence and introduce new character styles. The company continues to strengthen its foothold in the licensed video game costume market.
JAKKS Pacific (NASDAQ: JAKK) announces the launch of a new line of toys inspired by The Super Mario Bros. Movie, set for retail debut on
JAKKS Pacific (NASDAQ: JAKK) announces the launch of its new collectible line, Ami Amis, available at Walmart starting tomorrow. This collection features 30 unique knitted plush characters, appealing to collectors of all ages through themes, rarity, and designs ranging from Common to Ultra Rare. Each character includes a collector guide and fun backstory tag. Over 200 characters are expected to be introduced throughout 2023, with Wave 2 launching in April. The company's SVP of Marketing highlights the collection's appeal, stating that the characters make ordinary moments extraordinary, fostering positivity and charm.
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