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 release its second quarter 2021 financial results on July 28, 2021, after market close. Following this, a teleconference and webcast at 5:00 p.m. ET will discuss the results, future plans, and prospects. Participants can join by calling specified numbers or via the company’s investor website. A replay of the call will be available for seven days. JAKKS is a prominent designer and manufacturer of toys and consumer products, with a range of proprietary brands and a commitment to philanthropy through JAKKS Cares.
JAKKS Pacific, Inc. (NASDAQ: JAKK) launches The Heart Supply, a new skateboarding brand led by Johnny Schillereff, founder of Element Skateboards. This collection features high-quality skateboards tested by Olympians and aims to make skateboarding accessible and affordable. The initial release includes a limited edition, with proceeds supporting children's access to skateboarding. JAKKS Pacific is excited to partner with The Heart Supply to promote inclusivity in skateboarding, while the brand plans to open a philanthropic skate-park in Mexico and donate skateboards globally.
JAKKS Pacific (NASDAQ: JAKK) announced a multi-year contract extension with BLACK+DECKER, starting in 2021, to design and sell a range of toy workbenches and kitchen products across North America. This partnership extends over 16 years, reflecting the increasing demand for roleplay toys, particularly during home-based activities. Popular products include the Tool Belt Set and Power Tool Workshop. JAKKS products are available at major retailers like Target and Walmart.
JAKKS Pacific announced the successful refinancing of its term loan facility, securing a new $99 million term loan from Benefit Street Partners and a $67.5 million revolving credit facility from JP Morgan Chase. The new term loan, maturing in June 2027, replaces a $128.9 million loan with a 10.5% interest rate, projected to reduce interest expenses by over $5 million annually. The refinancing strengthens the company’s liquidity and financial flexibility, enabling investments in growth and margin improvement.
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.