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.
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.
Disguise, a division of JAKKS Pacific, has partnered with Warpstar to create costumes and accessories based on the Kirby franchise, starting in 2021. The agreement grants worldwide distribution rights, excluding Japan, and aligns with the growing demand for gaming-themed products. Disguise is set to expand its portfolio, which includes popular Nintendo characters, by adding Kirby costumes, utilizing its expertise as a leader in licensed video game costumes. Kirby, co-owned by Nintendo and HAL Laboratory, is a top-selling video game franchise with over 74 million units sold.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has extended its global toy rights agreement with Nintendo of America. This allows JAKKS to continue designing, manufacturing, and selling various Nintendo® and Super Mario™ branded toys worldwide. In 2020, the company launched successful products like Super Mario™ It’s-A Me Mario! and Boo Mansion playset. The partnership, which began in 2013, has seen JAKKS ship tens of millions of figures globally, celebrating 35 years of Super Mario this year.
JAKKS Pacific, Inc. (NASDAQ: JAKK) has joined forces with SunPoint Public Adjusters and Jelly Belly Corp. to provide toys and treats to children affected by wildfires in California and the Pacific Northwest. Following a successful Halloween initiative, the companies aim to support these children during the holiday season, especially those displaced by the fires and the COVID-19 pandemic. Families needing assistance can register online, with a deadline of December 15, 2020, for submissions. This partnership underscores JAKKS Pacific's commitment to philanthropy and community welfare.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is partnering with SunPoint Public Adjusters and Jelly Belly Corp. to provide toys and treats for children affected by recent wildfires in California and the Pacific Northwest. The holiday drive aims to uplift families suffering from the catastrophic impacts of the fires and the ongoing COVID-19 pandemic. The deadline for families to submit information for receiving assistance is December 15, 2020. JAKKS Pacific continues its commitment to philanthropy through this initiative, ensuring joy during the holiday season for those in need.
JAKKS Pacific reported Q3 2020 net sales of $242.3 million, down 14% from $280.1 million last year, mainly due to declines in Disney Frozen and Disguise Halloween costumes. However, net income rose to $32.1 million or $4.27 per diluted share, up from $16.3 million last year. Gross margin improved to 30.8%, driven by cost control and inventory management. JAKKS has strong liquidity with $112 million available. Year-to-date adjusted EBITDA is up 56% to $24.3 million. Management forecast continued profitability into 2021, supported by new product launches and improved consumer spending.
JAKKS Pacific, Inc. (NASDAQ:JAKK) will announce its third quarter 2020 financial results on November 2, 2020, post-market close. A teleconference to discuss these results and potential future plans will take place at 5:00 p.m. ET. Participants can join via a webcast or by phone. Replay options will be available through November 9, 2020. JAKKS Pacific is a prominent designer, manufacturer, and marketer of toys and related products, with various proprietary brands. For more details, visit their investor relations page.
Disguise, Inc., part of JAKKS Pacific, announced a partnership renewal with Microsoft for Halloween costumes based on popular gaming franchises Halo and Minecraft. Disguise will have the rights to design, market, and distribute costumes for Halo for three more years and Minecraft for two years starting in 2021. Minecraft is experiencing strong growth, particularly during the pandemic, while Halo's sales are bolstered by a dedicated fan base and the upcoming release of Halo Infinite. Disguise looks to expand its market presence during the contract term.