Jakks Pac Inc Stock Price, News & Analysis

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.

JAKKS Pacific reported significant third-quarter results for 2022, with net sales reaching $323.0 million, a 36% increase year-over-year. Toys/Consumer Products led this surge with sales of $269.6 million, up 56%. Despite a decline in costume sales by 17%, total year-to-date sales exceeded $664.3 million, surpassing the entirety of 2021’s sales. Gross margin stood at 28.5%, down 310 basis points from the previous year. Net income attributable to common stockholders was $30.3 million ($2.96/share), a decrease from $36.0 million in Q3 2021, yet adjusted net income rose to $39.0 million ($3.80/share).

JAKKS Pacific, Inc. (NASDAQ: JAKK) is set to announce its third quarter 2022 financial results on October 27, 2022, post-market. The company will host a teleconference at 5:00 p.m. ET to discuss these results and potential future plans. Investors and analysts can access the live webcast on the company’s Investor Relations page. JAKKS Pacific, based in Santa Monica, California, is recognized for its range of toys and consumer products, including popular brands like Creepy Crawlers® and Disguise®.

Disguise Inc., a subsidiary of JAKKS Pacific (NASDAQ: JAKK), has partnered with Snap Inc. to launch an AR shopping experience for Halloween costumes on Snapchat. Users can try on and purchase costumes from popular franchises like Harry Potter, Minecraft, and Transformers. Since January 2022, more than 250 million Snapchatters engaged with AR shopping Lenses over 5 billion times, showcasing significant interest in using AR for shopping. This innovative platform aims to enhance the Halloween shopping experience by providing a seamless way to try on costumes digitally.

JAKKS Pacific, Inc. (NASDAQ: JAKK) reported exceptional financial results for Q2 2022, achieving net sales of $220.4 million, a 96.2% increase year-over-year. The Toys/Consumer Products segment generated $148.9 million in sales, growing 82.6%, while Costumes sales soared by 132.2% to $71.6 million. The company also recorded $23.7 million in operating income, up from $1.8 million last year, and net income of $26.2 million or $2.61 per diluted share. JAKKS paid down $10 million of long-term debt, enhancing its financial stability.

JAKKS Pacific (NASDAQ: JAKK) will showcase its new products at the San Diego Comic-Con on July 22 at 6PM in Room 29AB. Highlights include the Mario Kart™ 24V Ride-on Racer for ages 3+, available for public viewing at the Nintendo Switch™ Road Trip. The company will also demo the Jurassic World RealFX Baby Blue and the Jurassic World AirTitan, with trivia prizes available. Attendees will learn about upcoming releases, including new costumes and licensed Funko Pop! Masks from Disguise.

JAKKS Pacific, Inc. (NASDAQ: JAKK) introduced the new Let’s Go, Yoshi! interactive figure at the Sweet Suite event in New York City. This 12-inch figure boasts over 20 sounds, 13 articulation points, and various activation methods for kids aged 3 and up. Planned for release in October across North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa, Yoshi aims to enhance the Super Mario™ collection. Craig Drobis, Senior VP of Marketing, expressed excitement for this long-requested addition to retail this holiday season.