April 21, 2005 |
Jakks Pacific Inc., a consumer goods vendor that makes products as diverse as toys and writing instruments, reported that first-quarter profit more than doubled as the company realized an 82% jump in sales. Quarterly income was $10.1 million, or 34 cents a share, compared with $3.8 million, or 15 cents, a year earlier. Revenue soared to $134.7 million, up from $74 million recorded during last year's first quarter.
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.
May 8, 2001 |
Jakks Pacific Inc. agreed to buy rival 21st Century Toys Inc., a maker of military action figures and accessories, under undisclosed terms. The Malibu-based company plans to combine 21st Century with its action toys division, which features Road Champs toy vehicles and World Wrestling Federation action figures. Alameda-based 21st Century, whose products include the Ultimate Soldier XD, America's Finest and the Villains, had sales of about $28 million last year. Jakks had $252.
June 21, 2006 |
Jakks Pacific Inc. said it won the exclusive right to develop Pokemon toys in North America. Financial details of the agreement with Pokemon Co., a Nintendo Co. affiliate, weren't disclosed. The first action figures, stuffed animals, TV games and pool toys based on the Japanese creatures will debut in January, Malibu-based Jakks said. Jakks, which has more than doubled its annual revenue and net income since 2001, is moving into a market that was controlled by Hasbro Inc., the world's No.
June 17, 1998
Malibu-based Jakks Pacific Inc. signed a licensing agreement with Bass Anglers Sportsman Society Inc., known as BASS, to design, manufacture and market worldwide a new line of fishing toys. Terms of the deal weren't disclosed. Jakks Pacific said the Bassmaster line, due in stores by spring 1999, will include toy fishing poles and accessories based on popular fishing boats, cars and trucks with trailers, as well as products from BASS tournaments and special events.
September 20, 2007 |
Malibu-based toy maker Jakks Pacific Inc. was accused of copyright infringement in a lawsuit over electric guitars it makes for Walt Disney Co.'s TV character Hannah Montana. KidDesigns Inc., the maker of Barbie guitars for El Segundo-based Mattel Inc., filed suit last week in Newark, N.J., claiming that the Hannah Montana songs and other features of the Jakks product are confusingly similar to those KidDesigns created for the Barbie guitar. KidDesigns, based in Rahway, N.J.
February 18, 2004 |
Malibu-based toy maker Jakks Pacific Inc. saw its sales rise 23% in the fourth quarter as net income fell nearly 3%. Profit fell to $7.1 million, or 29 cents a share, from $7.3 million, or 30 cents, a year earlier. Excluding charges related to recent customer bankruptcy filings including those of KB Toys Inc. and FAO Inc., net income rose to $8.9 million, or 36 cents, compared with $6.2 million, or 25 cents, a year before. Revenue rose to $84.4 million from $68.5 million.
November 18, 2004 |
Shares of Jakks Pacific Inc. fell 3% after a dispute with World Wrestling Entertainment Inc. over the announcement of a licensing agreement. The Malibu-based toy maker announced an agreement to develop a game system based on WWE characters, citing Donna Goldsmith, WWE's senior vice president of consumer products. WWE later said the deal was only an amendment to an earlier agreement that is now in dispute and Jakks didn't seek approval from Goldsmith to use her comment.
February 12, 2003 |
Jakks Pacific Inc., a Malibu company that designs and markets toys, reported a 65% jump in fourth-quarter profit to $7.3 million, or 30 cents a share, from $4.4 million, or 22 cents, a year earlier. Sales increased 12% to $68.5 million. For the year ended Dec. 31, Jakks reported net income of $31.3 million, or $1.37 a share, on sales of $310 million. That compared with 2001 profit of $28.2 million, or $1.45, on sales of $284.3 million. Jakks shares lost 24 cents to close at $12.40 on Nasdaq.
April 23, 2003 |
Malibu-based toy maker Jakks Pacific Inc. said first-quarter profit more than doubled, but it shares fell 6% because the numbers didn't meet analysts expectations. Net income climbed to $5.96 million, or 24 cents a share, from $2.16 million, or 11 cents, a year earlier. The average estimate of analysts surveyed by Thomson First Call was 30 cents. Sales rose 13% to $67.8 million.