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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, Inc. (NASDAQ: JAKK) will release its first quarter 2022 financial results on April 28, 2022, after market close. A teleconference is scheduled for 5:00 p.m. ET, where results and future plans will be discussed. Participants can call (833) 423-0496 in the U.S. or (918) 922-2390 internationally, with a passcode of 3951819. A replay will be available for seven days post-call. The company, headquartered in Santa Monica, California, is known for its toy brands like Perfectly Cute™ and Disguise®, among others.
JAKKS Pacific, Inc. (NASDAQ: JAKK) will host a panel at Wondercon in Anaheim, CA, on April 1 from 5-6 PM. The event will showcase upcoming toy and collectible releases for popular franchises like Nintendo and Sonic the Hedgehog. Attendees can expect exclusive previews of new figures and costumes from Disguise, along with Q&A sessions and trivia prizes. Craig Drobis, SVP of Marketing, expressed excitement about sharing new product developments that cater to fan interests.
JAKKS Pacific (NASDAQ: JAKK) has unveiled a fresh lineup of outdoor toys set to hit retail this spring, featuring vibrant graphics from popular brands. New additions include a trampoline priced at $159.99, patio chairs starting at $9.99, and various specialty items like Fly Wheels and game tents, with prices ranging from $19.99 to $59.99. The trampoline boasts a durable design and safety enclosure, while the colorful patio chairs are foldable and easy to store. Products are designed for children aged 1-7 and aim to promote outdoor fun and physical activity.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has announced a new collection of toys and costumes in connection with the release of the film Sonic the Hedgehog 2, set for April 8, 2022. The product line features a variety of collectibles including action figures, plush toys, playsets, and a radio-controlled Sonic Speed RC, with prices ranging from $9.99 to $39.99. Costumes for all ages will also launch this Fall under the Disguise brand. The collaboration aims to enhance the fan experience surrounding the film, building on strong demand for Sonic merchandise.
JAKKS Pacific, Inc. reported strong financial results for Q4 and full-year 2021. Q4 net sales were at $188.0 million, a 47% increase year-over-year, with gross profit reaching $50.0 million. Adjusted net income improved to $1.3 million from a loss of $3.6 million in Q4 2020. Full-year net sales rose to $621.1 million, marking a 20% increase, with adjusted EBITDA at $49.2 million, the highest since 2015. However, gross margin declined to 26.6% due to soaring freight costs. Despite a net loss of $7.3 million, cash and liquidity remain strong at $102.0 million.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has announced new collectible figures and costumes for the popular game, Apex Legends™, set to release this Spring and Fall 2022. Highlights include a ten-inch Nessie plush priced at $19.99, and detailed six-inch action figures, also at $19.99. Additionally, new costumes such as the Octane Deluxe Adult costume for $69.99 and Wraith Deluxe Adult costume for $59.99 will be available in time for Halloween. These products aim to enhance customer engagement among fans and collectors.
JAKKS Pacific, Inc. (NASDAQ: JAKK) will release its fourth quarter 2021 financial results on February 17, 2022, following market closure. A teleconference is scheduled for 5:00 p.m. ET, where analysts, investors, and media can participate. All callers should join 5 minutes prior to the start time. The replay will be available for seven days post-call. JAKKS Pacific is known for its wide array of toy and consumer product brands, including Perfectly Cute™ and Disguise®, contributing to its global market presence. More details can be found on their investor website.
JAKKS Pacific (NASDAQ: JAKK) announced new additions to its ReDo skateboard line, featuring updated graphics set to launch this fall. The ReDo Skateboard Co. emphasizes innovative design, catering to all skill levels. Prices range from
JAKKS Pacific, Inc. (NASDAQ: JAKK) announced the launch of new additions to its Perfectly Cute™ line of baby dolls and accessories at Target this spring. Following record-breaking sales in 2021, the company anticipates strong demand in Q1 2022. Notable products include the Perfectly Cute Feed and Wet babies, realistic sound dolls, and a Magic Sink Playset. Priced between $17.99 and $19.99, the new items cater to children aged 2 and up, enhancing roleplay opportunities for kids. JAKKS remains a leader in designing toys that reflect at-home experiences.
Disguise, Inc., a division of JAKKS Pacific (NASDAQ:JAKK), is set to launch a line of officially licensed Squid Game costumes and accessories in Fall 2022. The collection includes iconic outfits and masks from the popular Netflix series, which garnered over 142 million views within four weeks of its debut. Disguise aims to cater to the high demand for quality costumes, leveraging their 34 years of industry experience to ensure broad availability across North America and APAC. This strategic move aligns with anticipated high sales during Halloween.
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