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Jakks Pacific Inc

BUSINESS
September 15, 2013 | By Ronald D. White
For the last 18 years, Jakks Pacific Inc. has been a player in the ultra-competitive Southern California toy-making business, up against the likes of giant Mattel Inc. in El Segundo and others. But Jakks' roster of toys - including the Smurfs, Monsuno action figures and Winx Club fairy dolls - have not been pulling in the fun for investors. Sales have declined five straight years. In the most recent quarter, revenue fell 27% and the Malibu company lost $46.9 million compared with net income of $214,000 a year earlier.
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BUSINESS
July 23, 2003 | Abigail Goldman, Times Staff Writer
Toy maker Jakks Pacific Inc. stunned investors Tuesday with dramatically lower-than-expected profit in the second quarter, prompting an analysts' free-for-all on a conference call with company executives. One analyst called the quarter a "train wreck." Another said, "I think train wreck is putting it mildly."
BUSINESS
July 22, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A 5-month-old El Paso girl choked to death on a plastic musical caterpillar toy, prompting a recall by the manufacturer, a division of Malibu-based toy maker Jakks Pacific Inc., the Consumer Product Safety Commission said Friday. Toys made by Fisher-Price, a division of El Segundo-based Mattel Inc., and Shelcore Inc., a Somerset, N.J., firm, also were recalled after parents reported injuries to their children, the federal regulatory agency in Washington said.
BUSINESS
July 20, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
Los Angeles-area toy makers Mattel Inc. and Jakks Pacific Inc. posted better-than-expected financial results Thursday, especially positive news in what is traditionally a slower period for toy sales. Financial analysts also said the companies' results were impressive given the overall weakness in the consumer and retail industries.
BUSINESS
July 7, 2000 | JERRY HIRSCH, TIMES STAFF WRITER
Harry Potter won't hit store shelves until Saturday but the youthful wizard is already working his magic on Wall Street. Shares of Scholastic Corp., Jakks Pacific Inc. and Enesco Group Inc. have risen as sharply as the hype surrounding the release of the fourth book about an orphan who attends a school for witches and wizards, "Harry Potter and the Goblet of Fire." All have a piece of the Potter franchise. Scholastic, the U.S. publisher of the series by British author J.K.
BUSINESS
August 18, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
If the toy industry were a big-time wrestling match, Malibu-based toy developer and distributor Jakks Pacific Inc. would be an undisputed underdog to the terrible, towering tag team of Mattel Inc. and Hasbro Inc. With only $65.8 million in market capital, 3-year-old Jakks can't field the variety of games, gadgets and dolls offered by Mattel and Hasbro, worth $11.6 billion and $4.9 billion, respectively.
BUSINESS
October 31, 2004 | James F. Peltz, Times Staff Writer
Back in 1998, World Wrestling Entertainment Inc., the glitzy promoter of spandex-clad warriors, said it was entering an "exciting new phase." It had signed a deal for Malibu toy company Jakks Pacific Inc. and Calabasas Hills video game maker THQ Inc. to jointly produce video games based on WWE's star wrestlers and wild matches. Jakks was an "obvious choice," WWE's then-licensing chief James Bell said at the time, because it already was licensed to sell WWE toy action figures.
BUSINESS
April 24, 2008 | From Times Wire Services
Toy maker Jakks Pacific Inc., hurt by litigation and product testing costs, reported lower quarterly profit, sending its shares down 8%. First-quarter profit fell to $877,000, or 3 cents a share, from $3.2 million, or 12 cents a share, a year earlier. Sales rose 5.5% to $130.9 million.
BUSINESS
October 22, 2008 | Times Wire Reports
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.
BUSINESS
August 29, 2001 | Bloomberg News
Jakks Pacific Inc., a maker of toys, action figures and video games, and News Corp.'s Twentieth Century Fox movie studio reached a licensing agreement for products related to the animated film "Ice Age." Terms weren't disclosed. Jakks' Flying Colors unit will make plush toys, action figures, lunch boxes and other items linked to "Ice Age," scheduled to be released in the spring, the companies said.
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