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.
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.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has launched new ReDo skateboards featuring updated graphics just in time for the holiday season. The product lineup includes complete boards priced between $19.99 and $59.99, catering to skateboarders of all skill levels aged 8 and up. The innovative designs focus on user experience, offering balance, trick capability, and ease of use. JAKKS Pacific aims to provide quality skateboards at accessible price points to meet market demand during the holiday shopping rush.
Disguise, Inc., the Halloween costume division of JAKKS Pacific, Inc. (NASDAQ: JAKK), has launched a new line of licensed wheelchair cover sets and adaptive costumes for Halloween 2021. Following the success of its initial adaptive wheelchair covers in 2020, the company has expanded its offerings to include jumpsuits and dresses. The products are designed to be accessible for children with various needs, featuring practical elements like detachable capes and easy dressing options. Positive feedback from caregivers has encouraged plans for further expansion in 2022.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is set to release its third quarter 2021 financial results on October 27, 2021, after market close. A teleconference is scheduled for 5:00 p.m. ET on the same day, where management will discuss the results and potential future prospects. Investors and analysts can participate via phone and listen to a replay of the conference available until November 3, 2021. JAKKS Pacific specializes in designing and marketing toys and consumer products worldwide, with a diverse portfolio of proprietary and licensed brands.
Disguise, Inc., the Halloween division of JAKKS Pacific, Inc. (NASDAQ: JAKK), has launched a new line of costumes and accessories for Halloween 2021. The collection includes popular franchises such as Minions, Jurassic World, and classic horror characters like Chucky. Notable additions feature costumes from recent movie releases, gaming characters, and preschool options, appealing to a broad age range. The rise of trunk-or-treating has influenced the collection, with themed kits for various family-friendly brands. All products are available online and in stores now.
JAKKS Pacific, Inc. has partnered with Sony Pictures Consumer Products to produce a range of costumes and accessories for the Ghostbusters franchise, including the upcoming film Ghostbusters: Afterlife. This marks the first time Disguise, JAKKS' costume division, will create products for this iconic franchise. The costume line will be available in Fall 2021, targeting both retail and online markets. With the film set to release on November 19, 2021, the collaboration aims to attract a new generation of Ghostbusters fans.