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, a leader in costume design, has formed a global partnership with Funko to create and distribute Pop! Masks™ starting in 2021 across multiple regions including North America and Europe. The initial collection will feature designs based on popular characters from Warner Bros. and Sony Pictures. Funko aims to enhance fan engagement by offering collectible masks that can be worn or displayed. The line is set to expand in 2022 with over 30 new styles, and pre-orders are already available on Amazon and Funko's website.
JAKKS Pacific (NASDAQ: JAKK) has partnered with Moonbug Entertainment to become the official North American seasonal toy and costume partner for CoComelon, starting in 2021. Disguise, JAKKS' costume division, will create costumes and accessories inspired by the popular children's show, which boasts over 100 million YouTube subscribers. JAKKS will also market and sell CoComelon toy lines, available in 2022. This collaboration aims to enhance children's play experiences, leveraging the show's success across streaming platforms.
JAKKS Pacific reported Q1 2021 net sales of $83.8 million, a 26% increase from $66.6 million in Q1 2020, marking the highest year-over-year growth since 2015. Gross margin improved to 31.1%, an increase of 650 basis points compared to last year. Despite a net loss of $24.4 million, adjusted net loss decreased to $9.5 million, improving from $21.9 million in Q1 2020. Adjusted EBITDA reached negative $2.4 million, up from negative $13.9 million. Management anticipates continued strong sales and improved financial performance through 2021.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has secured U.S. rights for PAW Patrol: The Movie, set for theatrical release on August 20, 2021. The company will produce a variety of branded toys, including ride-ons and activity tables. For the first time, Disguise, its Halloween costume division, will create and distribute PAW Patrol costumes and accessories. This partnership with ViacomCBS Consumer Products is anticipated to boost retail support for the upcoming film, signaling a significant product expansion into the preschool and Halloween markets.
JAKKS Pacific has renewed its partnership with SEGA of America for the Sonic the Hedgehog franchise, enabling the design, manufacture, and sale of merchandise through 2022 and beyond. The agreement covers Classic and Modern Sonic products, including action figures, playsets, and collectibles. Since launching in 2019, JAKKS' Sonic merchandise has seen significant success in retail, with consistent growth noted by company executives. New products are set to be introduced, aligning with upcoming projects from SEGA.
JAKKS Pacific, Inc. (NASDAQ:JAKK) will release its first quarter 2021 financial results on April 28, 2021, after market close. A teleconference and webcast are scheduled for 5:00 p.m. ET, inviting analysts and investors to discuss these results and potential future plans. Interested participants can access the call via internet or phone, with playback available for seven days post-event. The company emphasizes its innovative product range across various brands and acknowledges that forward-looking statements may involve risks and uncertainties affecting future performance.
JAKKS Pacific reported Q4 2020 net sales of $128.3 million, down 16% from $152.5 million last year. However, the company achieved a gross margin of 32.8%, the highest in a decade, and improved its net loss to $11.7 million from $20.6 million in Q4 2019. Full-year gross margin was the highest since 2016. Adjusted EBITDA rose 49% to $28.1 million. JAKKS ended the year with strong liquidity of $126.6 million and a 29% reduction in inventory. Looking ahead, the company expects a rebound in toy sales driven by new Disney content.
JAKKS Pacific announced the acquisition of global toy rights for SEGA's Sonic the Hedgehog 2 film in 2022. The agreement includes action figures, playsets, vehicles, plush toys, and costumes inspired by the film's characters. This extends a successful multi-year licensing deal initiated in 2019, which resulted in top-selling products from the first film. JAKKS anticipates strong performance based on previous sales, aiming to innovate and create new fan experiences.
JAKKS Pacific, Inc. (NASDAQ:JAKK) will release its fourth quarter 2020 financial results on February 18, 2021, after market hours. Following this, a teleconference and webcast will be held at 5:00 p.m. ET. Interested parties can join the call through a dedicated link or by dialing the provided numbers for U.S. and international callers. Replay of the teleconference will be available for seven days post-event. JAKKS Pacific is a leading toy designer and manufacturer with popular brands such as Fly Wheels™ and Disguise®. The company emphasizes forward-looking statements regarding future performance.
Disguise, Inc., the Halloween costume division of JAKKS Pacific, has secured North American rights to the popular pre-school brand Blippi in collaboration with Moonbug Entertainment. Beginning in 2021, Disguise will design, market, manufacture, and distribute Blippi-themed costumes and accessories. Blippi is renowned for engaging educational content available on platforms like YouTube and Hulu. Tara Hefter, EVP and GM of Disguise, expressed excitement about this partnership, highlighting Blippi's recognizable character design, which encourages curiosity and adventure among toddlers.