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Jakks Pacific Inc

BUSINESS
July 24, 2008 | From Times Wire Reports
Toy maker Jakks Pacific Inc. said Wednesday that second-quarter profit fell 17%, missing analyst expectations, as higher raw material costs offset higher sales. Profit fell to $4.2 million, or 15 cents a share, from $5 million, or 17 cents, a year earlier, the Malibu-based company said. Revenue rose 12% to $145.3 million. Analysts polled by Thomson Financial predicted profit of 22 cents a share on revenue of $136.9 million. The company said action figures and dolls sold well, as did electronic products.
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BUSINESS
July 23, 2002 | From Bloomberg News
Jakks Pacific Inc. reported quarterly profit in line with estimates but said it fired 48 employees, or 15% of its work force, in anticipation of weakness ahead. Shares of the Malibu-based toy maker dropped $1.83, or 12%, to $12.97 on Nasdaq. Jakks, whose products include World Wresting Entertainment action figures, said second-quarter net income rose 14% to $7.83 million, or 36 cents a share, from $6.87 million, or 36 cents, a year earlier. Sales rose 13% to $79 million.
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.
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
February 27, 2007 | From Bloomberg News
Jakks Pacific Inc. said Monday that fourth-quarter net income more than doubled as sales at the children's toy maker, which sells Dora the Explorer products, rose 43%. Its stock gained 17%. The Malibu-based company's net income rose to $23.2 million, or 73 cents a share, compared with $9 million, or 30 cents, a year earlier, the company said. Sales increased to $238.3 million from $166.3 million a year earlier. The growth stems from increased sales of the company's XPV radio-controlled vehicle, Disney princess-related products and role-play toys, Chief Executive Stephen Berman 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
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.
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
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.
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.
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