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), a leading designer of toys, consumer products, and costumes, provides timely updates through this dedicated news hub. Investors and industry observers will find official press releases, earnings reports, and strategic announcements all in one location.
This resource delivers essential information for tracking JAKK's market position, including product launches, licensing partnerships, and financial results. All content is sourced directly from company communications to ensure accuracy and compliance with disclosure standards.
Key updates typically include quarterly earnings insights, new toy line announcements, and collaborations with major entertainment franchises. The page also covers leadership changes, sustainability initiatives, and other material developments affecting JAKK's business trajectory.
Bookmark this page for streamlined access to verified Jakks Pacific updates. Combine it with Stock Titan's financial tools for comprehensive analysis of the company's performance in the competitive toy and entertainment sectors.
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.
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.
