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) generates frequent news as a designer, manufacturer and marketer of toys, costumes and consumer products sold throughout the world. Company updates often highlight new product launches, licensing partnerships and segment performance across its Toys/Consumer Products and Costumes businesses.
Recent announcements showcase collaborations with major entertainment and consumer brands. JAKKS Pacific has renewed its global toy partnership with SEGA of America for Sonic the Hedgehog merchandise, covering action figures, playsets, vehicles, plush and collectibles. The company also works with Nintendo on Super Mario figures, toys and themed playsets, and has introduced seasonal Super Mario product waves at major retailers.
News from JAKKS Pacific also covers licensed initiatives with Disney, such as the Disney Darlings baby doll line inspired by characters like Minnie Mouse, Stitch, Marie and Winnie the Pooh, and a Wizard of Oz dress-up and petite doll collection developed with Warner Bros. Discovery Global Consumer Products. In the costumes space, its Disguise division announces agreements for properties including Demon Slayer: Kimetsu no Yaiba and Pokémon, as well as recognition for licensed dress-up ranges.
Investors and followers can also find updates on financial results, segment sales and capital structure decisions, including quarterly earnings releases, dividend declarations and credit facility arrangements reported via press releases and SEC filings. This news page brings together these developments so readers can track how JAKKS Pacific’s licensing activity, product pipeline and financial reporting evolve over time.
Disguise, Inc., a division of JAKKS Pacific, Inc. (NASDAQ: JAKK), has extended its global rights to create costumes based on Netflix's Stranger Things and Bridgerton for fall 2024. The Stranger Things collection includes costumes for all ages, featuring characters like Eleven, Robin, Steve, Eddie Munson, and Chrissy. The Bridgerton line will introduce adult costumes inspired by Penelope and Colin Bridgerton.
Tara Cortner, President and GM of Disguise, expressed excitement about bringing the same passion and attention to detail from their successful Stranger Things costumes to the Bridgerton line. Disguise, known for its innovative and high-quality products, continues to set industry standards with its global distribution network. Fans can expect to find these costumes and accessories in stores and online this fall.
JAKKS Pacific, Inc. (NASDAQ: JAKK) reported Q2 2024 financial results with net sales of $148.6 million, down 11.0% year-over-year. Gross margin improved to 32.0%, up 130 basis points vs. Q2 2023. Net income was $5.3 million or $0.47 per diluted share. First-half net sales decreased 13.0% to $238.7 million.
Key highlights:
- Toys/Consumer Products net sales: $104.6 million (-11.3% YoY)
- Costumes net sales: $44.0 million (-10.1% YoY)
- Operating income: $7.6 million (5.1% of net sales)
- Adjusted EBITDA: $12.3 million
The company cited a lack of new content-related product launches as the primary reason for the sales decline. JAKKS is preparing for new product launches in H2 2024, including items supporting Moana 2 and Sonic the Hedgehog™ 3.
JAKKS Pacific (NASDAQ: JAKK) has announced the launch of a new line of branded lifestyle products for Fall 2024. The collection includes Element, Roxy, and Quiksilver skateboards, helmets, and knee pads, as well as Juicy Couture & Roxy roller skates. This initiative is part of JAKKS' strategy to expand into new categories and target Millennials and Gen Z consumers.
In 2025, JAKKS plans to expand the line with branded volleyballs, floaties, beach accessories, and new toys featuring brands like Roxy, Forever 21, Juicy Couture, Prince, and Sports Illustrated. The partnership with Authentic, owner of these brands, aims to combine JAKKS' design and manufacturing capabilities with Authentic's market presence. The new product lines will be available at select retailers, including Academy Sports, in August 2024.
JAKKS Pacific (NASDAQ: JAKK) will release its second quarter 2024 financial results on July 31, 2024, after the market closes. 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 financial results and may also talk about future plans. Analysts, investors, and media can listen to the webcast via the 'Investor Relations' page on JAKKS' website. The teleconference details will be provided upon registration. A replay of the webcast will be available for a time.
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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