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Jakks Pacific Inc

BUSINESS
October 20, 2005 | From Reuters
Toy maker Jakks Pacific Inc. on Wednesday reported a 41% increase in third-quarter earnings as sales rose 13%. Malibu-based Jakks said third-quarter net income rose to $32.8 million, or $1.05 a share, from $23.3 million, or 76 cents, a year earlier. The company -- maker of Cabbage Patch Kids dolls, Care Bears and Plug It In & Play TV Games -- said revenue rose to $233.5 million from $206.1 million. The results came after Mattel Inc. and Hasbro Inc.
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BUSINESS
September 20, 2000 | Reuters
Toy company Jakks Pacific Inc. said it expects to report third-quarter earnings of 45 cents to 51 cents a share, well below analysts' average forecast of 62 cents, due to slower sales of its World Wrestling Federation toys. The warning caused Jakks stock to plunge $4, or 25%, to close at $12.25 on Nasdaq. Third-quarter net income is expected to range between $9.2 million and $10.3 million on revenue of $90 million to $95 million, the company said.
BUSINESS
October 23, 2007 | From Times Wire Services
Toy maker Jakks Pacific Inc. said third-quarter profit rose because of strong demand for its Cheetah Girls and Hannah Montana toys. Earnings climbed to $47.3 million, or $1.45 a share, from $40.5 million, or $1.26, a year earlier. Revenue rose to $318.4 million from $295.8 million. Analysts on average had expected profit of $1.30 a share on about $300.8 million in sales, according to Reuters Estimates.
BUSINESS
November 25, 2004 | Melinda Fulmer, Times Staff Writer
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.
NEWS
June 29, 1999 | STEPHEN GREGORY, SPECIAL TO THE TIMES
Jakks Pacific Inc., developer and distributor of a popular line of toy action figures patterned after stars from the World Wrestling Federation, plans to announce today that it has acquired Ontario-based Berk Corp., which makes and sells foam toy mats, blocks and puzzles for children. Terms of the deal, which was finalized Monday after six months of talks, were not disclosed.
BUSINESS
July 14, 2000 | Indraneel Sur
It wasn't exactly a body slam, but Malibu toy maker Jakks Pacific Inc. bested a rival bidder for Edison, N.J., specialty stationer Pentech International. Pentech's board unanimously voted to accept Jakks' offer to buy the company for $20 million in cash and assume $19 million in debt. Jakks, whose World Wide Wrestling figures have been a best seller, originally signed an agreement to buy Pentech in May. But the company was forced to increase its bid by about 15%, from $1.40 to $1.
BUSINESS
October 20, 2006 | Abigail Goldman, Times Staff Writer
Jakks Pacific Inc., the Malibu-based toy maker behind this year's flying car, saw its stock take off Thursday after the company reported better-than-expected sales and earnings. Jakks said third-quarter net income rose 24% to $40.5 million, or $1.26 a share, from $32.7 million, or $1.05, a year earlier. Sales grew for the first time in four quarters, up 27% to $295.8 million from $233.5 million a year earlier.
BUSINESS
February 14, 2002 | From Times Wire Services
Jakks Pacific Inc., which makes toys including World Wrestling Federation action figures, said fourth-quarter profit fell 27% as the company had a reserve relating to Kmart Corp.'s bankruptcy protection filing. Net income fell to $4.39 million, or 22 cents a share, from $6.03 million, or 32 cents, a year earlier, Jakks said. Sales rose 4% to $61.4million from $59.1 million. Jakks said it had a $5-million reserve related to Kmart's Jan. 22 bankruptcy filing.
BUSINESS
March 14, 2003 | From Bloomberg News
Malibu toy maker Jakks Pacific Inc. agreed to pay $725,000 to resolve an investor lawsuit questioning the fairness of its $54.5-million acquisition of Toymax International Inc. Jakks, which makes World Wrestling Entertainment action figures, said last year that it would pay $3 in cash and $1.50 in stock for each share of Toymax, a 48% premium at the time. Toymax shareholder Harry Young Jr. sued in Delaware Chancery Court saying the stock was worth more.
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