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) has announced the launch of a new line of toys inspired by Disney's upcoming film 'Encanto,' set for retail release on October 3. The collection includes interactive playsets, dolls, and accessories that embody elements from the movie, designed for children ages 3 and up. Notable products include the Magical Casa Madrigal playset, Singing Mirabel doll, and fashion doll assortments. The film debuts in theaters on November 24, promising to enhance the toy line's appeal.
JAKKS Pacific, Inc. has announced the appointment of Lori MacPherson to its Board of Directors. Ms. MacPherson brings over two decades of experience from her previous role as Executive Vice President at Disney and will contribute valuable insights to JAKKS' consumer product strategy. CEO Stephen Berman expressed confidence in her ability to drive growth by enhancing engagement with diverse customer segments. This strategic addition aims to strengthen JAKKS' market position and potentially boost shareholder value.
JAKKS Pacific, Inc. (NASDAQ:JAKK) has partnered with Sony Pictures Consumer Products to produce a new line of Cobra Kai costumes through its division, Disguise, Inc. These costumes will be marketed and available exclusively at Walmart starting in 2021. Cobra Kai, a popular Netflix series, has captured a wide audience with its engaging story and characters. The collaboration aims to meet the growing demand for themed costumes, especially for Halloween 2021. The costumes are expected to appeal to fans of all ages, reinforcing Disguise's commitment to quality and detail.
Disguise, Inc., part of JAKKS Pacific, Inc. (NASDAQ: JAKK), has announced two new key hires for its EMEA sales team to strengthen its presence in the U.K. and France. Kim Lucas will lead the U.K. market, bringing extensive industry experience to boost business development. Nathalie Ferrier joins as Business Development Manager for France and Benelux, utilizing her extensive connections to enhance market growth. These appointments are expected to drive the expansion of Disguise in these lucrative dress-up markets.
Disguise, Inc. has announced a multi-year renewal of its global rights for the LEGO® costume line, continuing a partnership that started in 2015. This renewal allows Disguise to design, manufacture, and distribute LEGO® costumes and accessories worldwide. Disguise's President, Tara Hefter, expressed pride in maintaining the quality and innovation this partnership demands, while LEGO's VP, Peter Søgaard, praised the enjoyment these costumes bring to fans. Disguise remains a leader in the Halloween costume industry, distributing products through major retailers and specialty stores.
Disguise, a leading costume company under JAKKS Pacific (NASDAQ: JAKK), has announced key leadership appointments in EMEA. Tony Lewis and Lynda Morris will spearhead expansion efforts, focusing on sales, marketing, and design. David Carscadden, the current Managing Director, will oversee both Disguise and JAKKS teams in the region, enhancing distribution channels and partnerships.
Lewis brings 30 years of industry experience, while Morris has extensive design expertise. This organizational shift aims to accelerate growth and capitalize on new licensing opportunities in the costume market.
JAKKS Pacific, Inc. (NASDAQ: JAKK) and Disney have launched the Disney ily 4EVER 18-inch fashion doll line, inspired by popular Disney characters. Designed for ages 6-10, the collection includes five dolls, trendy outfits, and accessory packs, available starting August 15. This line encourages children to express their unique Disney style and follows a growing trend in Disney-themed fashion. Future releases will feature characters like Ariel and Belle. The launch aims to engage the Disney Bounding community, inviting kids to showcase their creativity through their dolls.
Disguise, a division of JAKKS Pacific, has renewed its North American rights for Sesame Street costumes, continuing a partnership that spans over three decades. The renewal allows Disguise to market and distribute new and classic costume lines, including adaptive costumes to support inclusivity. Celebrating its 35th anniversary in 2022, Disguise has solidified its position as a leader in the costume industry, delivering quality products that resonate with families. The Sesame Street line remains available at major retailers globally.
Disguise, a leading global costume company under JAKKS Pacific, has announced a multi-year contract extension for Pokémon rights in North America, Australia, and New Zealand starting in 2022. The company will continue to design, market, and distribute costumes for popular Pokémon characters like Pikachu and Charmander. Launched in 2019, the Pokémon costume line remains a top seller, with new styles planned for 2022, coinciding with Pokémon's 25th anniversary. This partnership emphasizes Disguise's commitment to quality and innovation in the costume market.
JAKKS Pacific reported Q2 2021 net sales of $112.4 million, representing a 43% increase year-over-year. Gross margin improved to 28.4%, the highest for Q2 since 2016. A net loss attributed to common stockholders was $15.4 million, an improvement from the previous year's loss of $23.6 million. Adjusted EBITDA was $5.0 million, up from negative $4.6 million in Q2 2020. The company refinanced its long-term debt, extending maturity to 2027 and lowering interest rates. Despite challenges, management maintains optimism for holiday sales growth.