Jakks Pac Inc Stock Price, News & Analysis

JAKKS Pacific, Inc. (NASDAQ: JAKK) announced its participation in a panel at WonderCon in Anaheim, CA on March 24, 2023, from 5 PM to 6 PM. The event will showcase the upcoming toy and collectible releases linked to the new animated film, The Super Mario Bros. Movie, including products like the Rumble R/C Kart Racer. Craig Drobis, SVP of Marketing, highlighted the successful sales of the new product line. Attendees will have the opportunity for a Q&A with the development team and receive giveaways. The panel will also be livestreamed on Instagram.

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced a multi-year partnership with PhatMojo to produce costumes and accessories for the popular horror survival game PIGGY, starting in fall 2023. This agreement allows Disguise, Inc., JAKKS's leading costume division, to leverage its expertise in the growing market of horror-themed video games. PIGGY boasts over 11.4 billion game visits and 6 billion YouTube views, indicating its substantial fanbase. With 36 years of experience, Disguise aims to create appealing costumes tailored to the franchise's popularity, expanding its product offerings across North America.

JAKKS Pacific, Inc. (JAKK) announced its Q4 and full-year 2022 financial results, showing a 30% decrease in Q4 net sales at $131.9 million, impacted by early customer orders and previous high demand. However, the company achieved 28% annual sales growth totaling $796.2 million, with North America up 27%.

Net income for Q4 was $38.9 million, a turnaround from a loss in Q4 2021. Adjusted EBITDA for 2022 increased 55% to $76.4 million. Long-term debt saw a 55% reduction year-over-year, supported by a cash flow sweep provision. The company is optimistic about 2023 with plans for new product launches and improved inventory management.

Disguise, Inc., a leading costume division of JAKKS Pacific (NASDAQ:JAKK), announced its acquisition of the costume rights for Afro Unicorn in North America and EMEA starting in 2023. This collaboration aims to uplift and celebrate women and children of color through diverse costume designs. Notable for being the first Black-owned licensed character brand in major retail, Afro Unicorn has rapidly expanded into 25 product categories. Disguise will launch Afro Unicorn costumes in major retail and specialty stores by fall 2023, supporting the brand's mission of representation.

JAKKS Pacific, Inc. (NASDAQ: JAKK) will announce its Q4 and full-year 2022 financial results on March 9, 2023, after market close. A teleconference and webcast will be held at 5:00 p.m. ET to discuss the results and future plans. Participants can access the live webcast on the company's Investor Relations page or through a phone registration link. A replay will also be available afterward.

JAKKS, based in Santa Monica, California, specializes in designing, manufacturing, and marketing popular toys and consumer products worldwide, including acclaimed brands like Perfectly Cute™ and AirTitans®.

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced the renewal of its partnership with Microsoft, allowing its costume division, Disguise, Inc., to remain the exclusive costume partner for the popular game, Minecraft. This multi-year agreement enables Disguise to design, market, and distribute Halloween costumes and accessories based on Minecraft starting in 2023. With Minecraft being a top-selling brand for costumes globally, Disguise aims to expand its international presence and introduce new character styles. The company continues to strengthen its foothold in the licensed video game costume market.

JAKKS Pacific (NASDAQ: JAKK) announces the launch of a new line of toys inspired by The Super Mario Bros. Movie, set for retail debut on Feb 26, 2023. The toys include a variety of figures and playsets, priced from $5.99 to $29.99. Key products feature 5” and 7” figures with premium details, a playset of Princess Peach's castle, and plush characters. This release coincides with the movie's theatrical launch in North America on April 7, 2023. JAKKS aims to tap into the excitement around the film to boost sales across multiple regions, including North America, Asia-Pacific, and Europe.

JAKKS Pacific (NASDAQ: JAKK) announces the launch of its new collectible line, Ami Amis, available at Walmart starting tomorrow. This collection features 30 unique knitted plush characters, appealing to collectors of all ages through themes, rarity, and designs ranging from Common to Ultra Rare. Each character includes a collector guide and fun backstory tag. Over 200 characters are expected to be introduced throughout 2023, with Wave 2 launching in April. The company's SVP of Marketing highlights the collection's appeal, stating that the characters make ordinary moments extraordinary, fostering positivity and charm.

JAKKS Pacific, Inc. (NASDAQ: JAKK) announced the launch of a new toy line inspired by The Super Mario Bros. Movie, set to hit theaters on April 7, 2023. The toy lineup, available on Feb 26, 2023, includes posable figures, playsets, plush toys, and remote-controlled vehicles. This product release targets various global markets, including North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa. JAKKS is collaborating with Illumination and Nintendo to deliver these unique collectibles, which feature intricate details and premium packaging aimed at fans and collectors alike.