October 20, 2006 |
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.
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.
October 21, 2004 |
Shares of toy maker Jakks Pacific Inc. continued their plunge Wednesday, falling 31%, a day after the Malibu-based company was sued over a bribery scheme by the licensor of a popular toy and video game. Jakks dropped $5.85 to close at $12.96 on Nasdaq. The company's shares have lost about half of their value since Tuesday after World Wrestling Entertainment Inc.
February 14, 2002 |
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.
November 19, 2005 |
Every dog has its day. Now, it also can have the Bark N' Bake oven. An easy-bake toy available in the spring from Malibu-based Jakks Pacific Inc., it lets children prepare homemade treats for their pooches. The not-to-be-ignored hermit crab also has its own toy by the company, an "Incredible Hulk" shell. And, under a licensing deal with Meow Mix cat food announced Friday, Jakks will develop "cat lifestyle products" aimed at driving felines wild.
May 23, 2000 |
Malibu toy company Jakks Pacific Inc. will announce today that it has agreed to acquire Pentech International Inc., a New Jersey maker of pens, pencils and markers, for $17.6 million in cash. Executives said the purchase would help reduce Jakks' dependence on the fortunes of its World Wrestling Federation action figures, the source of most of the company's sales in recent years. Jakks would offer $1.40 in cash for each Pentech share, about 54% above Monday's closing price of 91 cents a share.
April 21, 2004 |
Toy company Jakks Pacific Inc. said Tuesday that its first-quarter earnings fell 27% as expenses related to a customer's bankruptcy and other charges offset a 9% increase in sales. Malibu-based Jakks reported net income of $4.43 million, or 17 cents a share, compared with $5.96 million, or 24 cents, a year ago. Sales climbed to $73.9 million. Excluding one-time items, earnings rose 15% to $6 million, or 23 cents a share, from $5.2 million, or 21 cents, last year.
September 24, 1999 |
Jakks Pacific Inc., the Malibu-based maker of action figures and other toys, on Thursday agreed to buy closely held Colorbok Paper Products Inc.'s Flying Colors unit for about $34.5 million in cash as part of a plan to expand its line of toys.
February 11, 2005 |
A former licensing chief of World Wrestling Entertainment Inc. admitted Thursday that he accepted kickbacks in return for steering the licensing rights for several WWE products made by others. James K. Bell, WWE's former senior vice president of licensing and merchandising, pleaded guilty in U.S. District Court in Bridgeport, Conn., to one federal count of mail fraud. In announcing the plea, the U.S.
October 20, 2004 |
Shares of toy maker Jakks Pacific Inc. plunged 22% on Tuesday after the Malibu company was sued by the licensor of a popular line of wrestling video games. Jakks' stock fell $5.34 to $18.81 on Nasdaq. World Wrestling Entertainment Inc. filed a federal lawsuit Tuesday alleging a bribery scheme aimed at obtaining its licenses for video games and toys.