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, 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.
JAKKS Pacific has secured a waiver on its EBITDA covenant until March 31, 2022, reducing the requirement from $34 million to $25 million. The agreement with lenders allows JAKKS to pre-pay $15 million of its term loan immediately, with the option to pre-pay an additional $5 million by Q3 2021. As of September 30, 2021, the company had $138.8 million in outstanding debt. CEO Stephen Berman highlighted that this agreement will decrease interest expenses and enhance financial flexibility without diluting shareholder value, aiming for operational improvements and future growth.
JAKKS Pacific has been invited to the 9th Annual Gateway Conference, held virtually on September 9-10, 2020. CEO Stephen Berman and CFO John Kimble will participate in a fireside chat on September 10 at 10:30 AM PT. One-on-one meetings will be scheduled throughout the day. The Gateway Conference connects top companies with institutional investors, providing opportunities for Q&A sessions and management presentations. For invites or additional details, interested parties can contact conference@gatewayir.com.