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 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 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.
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.