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JAKKS Pacific reports news about its toy, consumer-products and costume businesses, including licensed entertainment products, owned brands and retail distribution. The company designs, manufactures, markets and sells product lines such as action figures, plush, playsets, role play items, collectibles, tech accessories, costumes and costume accessories.
Recurring updates include licensing agreements for film, gaming, anime and consumer-brand properties; product launches through JAKKS and its Disguise costume division; quarterly financial results; and board-approved dividend actions. Company announcements also reference its portfolio of proprietary brands, including Disguise, Fly Wheels, Charming, Kidtopia, Moose Mountain, Maui, ReDo Skateboard Co., Sky Ball and Xtreme Power Dozer.
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.
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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.
JAKKS Pacific, Inc. (NASDAQ: JAKK) announces its Super Mario™ Deluxe Bowser's Airship Playset as a finalist for the 2021 Toy of the Year (TOTY) award. Launched on March 10, 2021, this collectible has garnered positive sales momentum, boosting point-of-sale growth in double digits across major retailers. The playset retails for $39.99 and features sound effects and mechanisms like spinning propellers. Additionally, JAKKS released new Super Mario plush toys priced at $9.99 and a Mario Kart™ R/C Racer for $39.99, catering to the holiday market.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has launched the Rock N Rollerskate dolls, just in time for the holiday season. These 10.5” remote-controlled dolls, Rainbow Riley and Lightning Luna, are designed for children aged 5 and above, retailing at $39.99. They feature unique movements like 360 spins and light-up wheels, along with music options. The product taps into the trending roller skating phenomenon on social media, aiming to capitalize on the early holiday shopping market.
JAKKS Pacific, Inc. (NASDAQ: JAKK) reported Q3 2021 net sales of $237.0 million, down 2.2% from $242.3 million in Q3 2020. The Costumes segment showed strength, with 16.4% growth year-over-year. Gross margin improved to 31.6%, despite higher freight costs. Net income increased to $36.0 million or $3.97 per share, up from $32.1 million in the prior year. Year-to-date net sales were $433.2 million, an 11.8% increase. Liquidity stood at $69.8 million, including $26.7 million in cash.
Disguise, Inc. has amended its licensing agreement with Hasbro/eOne, expanding international rights to include Latin America, Australia, and New Zealand. This marks the first time Disguise will design, market, manufacture, and distribute costumes for popular brands such as Transformers and Peppa Pig in these regions. The company anticipates solid growth with new distribution partnerships set in place. Additionally, a multi-year agreement has been extended for PJ Masks in North America, which has been a valuable line for Disguise since 2016.