July 29, 2009 |
Toy company Jakks Pacific Inc. posted a second-quarter loss, citing the weak retail environment, and lowered its full-year guidance. The Malibu company lost $406.5 million, or $14.96 a share, down from a profit of $4.2 million, or 15 cents, a year earlier. Excluding one-time charges, Jakks reported an adjusted loss of $900,000, or 3 cents a share. Sales fell to $144.8 million from $145.3 million. For the year, Jakks now expects a loss of $375.6 million, or $13.54 a share, on sales of $810 million, and adjusted profit of $1.01 a share.
April 24, 2009 |
Toy maker Jakks Pacific Inc. reported a bigger first-quarter loss than expected and lowered its 2009 guidance. The loss totaled $10.8 million, or 40 cents a share, compared with a year-ago profit of $877,000, or 3 cents. Revenue fell 17% to $108.7 million. The Malibu-based company lowered its outlook to $1.70 to $2 per share from previous guidance of $2.25. Jakks Pacific shares fell $2.13 to $11.30.
February 19, 2009 |
Toy maker Jakks Pacific Inc. said fourth-quarter profit dropped 49%, hurt by a difficult holiday season and weak sales of Hannah Montana and Care Bears toys. Net income fell to $16.9 million, or 55 cents a share, from $33.4 million, or $1.03, a year earlier. Revenue declined 6% to $269.3 million. Analysts polled by Thomson Financial predicted a profit of $1.05 a share on revenue of $278.9 million. Shares of Malibu-based Jakks Pacific fell 96 cents to $15.81.
October 22, 2008 |
Toy maker Jakks Pacific Inc. reported 14% higher third-quarter profit on gains from a tax benefit and higher sales as it had solid results in its dolls, action figures and electronic toy lines. Jakks' profit rose to $54.1 million, or $1.70 a share, from $47.3 million, or $1.45, a year earlier. Sales rose 12% to $357.8 million. Shares fell 27 cents, or 1.3%, to $20.25.
October 23, 2002 |
Toy maker Jakks Pacific Inc. said third-quarter net income rose more than 27%, a result of cost cutting, new products and the company's best-ever quarterly sales. The Malibu-based maker of World Wrestling Entertainment action figures and Pentech pens said Tuesday that it earned $14 million, or 58 cents a share, for the three months ended Sept. 30, up from $10.9 million, or 56 cents, in the same period a year ago. Sales for the period rose more than 10% to $102.6 million, up from $92.
November 25, 2004 |
Malibu-based Jakks Pacific Inc. has sued rival Mattel Inc. in Los Angeles County Superior Court, accusing the toy maker of breaching its contract with X Games star Travis Pastrana.