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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) 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.
JAKKS Pacific (NASDAQ: JAKK) has partnered with Sega of America to launch products linked to the new animated series Sonic Prime, which will debut on Netflix in 2022. The collaboration will include the creation of action figures, playsets, and costumes. Additionally, Disguise Inc. will join the partnership as the official costume designer. The product line aims to reach global markets in 2023 and enhance the brand's engagement with fans and collectors. This collaboration is anticipated to further strengthen JAKKS' position in the toy industry.
JAKKS Pacific (NASDAQ: JAKK) has introduced its Rock N Rollerskate dolls, which allow children to enjoy roller skating remotely. The dolls perform various skating maneuvers and feature lighting effects, along with music options. This product launch coincides with the holiday shopping season. The company has also partnered with Kids Skate Free, a program promoting children’s physical health by offering up to two free skating passes per week. Since 2012, the program has served over one million children, emphasizing JAKKS's commitment to enhancing child well-being.
JAKKS Pacific (NASDAQ: JAKK) has secured its role as the North American seasonal toy partner for Moonbug Entertainment's CoComelon. The company is developing a range of products, including CoComelon furniture, ball pits, trampolines, and dance mats, slated for retail release in Spring 2022. CoComelon is the most popular brand on YouTube, boasting over 3.5 billion monthly views, engaging children with vibrant colors and educational content. Exciting product details, such as an interactive step stool and a portable booster seat, highlight JAKKS' innovative approach to this partnership.
JAKKS Pacific, Inc. (NASDAQ: JAKK) will participate in a "fireside chat" at the Jefferies Virtual Global Interactive Entertainment Conference on Thursday, November 11, from 1:30-2:10 EST. CEO Stephen Berman will lead the discussion, providing insights into the company’s portfolio of toys and consumer products. JAKKS, headquartered in Santa Monica, California, is known for its broad range of proprietary and licensed brands, including Fly Wheels™ and Disguise®. The event will be webcast live, with a replay available following the presentation.
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