October 16, 2013 |
Mattel Inc., the nation's largest toy company, and Barbie, likely its best-known product, are heading into Christmas looking up. The El Segundo-based company reported net income of $422.8 million, or $1.21 a share, for the third quarter, which ended Sept. 30. That's a 16% increase from the year-earlier period, when profit was $365.9 million, or $1.04 a share. Mattel's revenue also surged 6% to $2.2 billion, from $2.1 billion. Both the sales and profit measures beat Wall Street expectations.
September 15, 2013 |
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.
February 23, 2005 |
Malibu toy maker Jakks Pacific Inc. said Tuesday that net income grew almost sixfold on strong sales of its TV Games, Care Bear and Cabbage Patch products. However, uncertainty over a pending lawsuit by World Wrestling Entertainment Inc. and a request by the Securities and Exchange Commission to restate its 2002 and 2003 earnings cast a pall over the quarter's results. Shares of Jakks, which had risen as high as $23 early in the day, closed up 17 cents to $20.98 on Nasdaq.
July 23, 2003 |
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."
July 22, 2000 |
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.
July 20, 2001 |
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.
July 7, 2000 |
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.
August 18, 1998 |
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.
July 26, 2003 |
For Jakks Pacific Inc., the fun and games have come to a halt -- at least for now. First it was surprisingly lower earnings, followed by a pummeling of its shares by investors. Now, the Malibu-based company -- best known for its World Wrestling Entertainment action figures -- is coming under fire for financial transactions and a new bonus plan that analysts say could create a windfall for senior managers who are already well compensated.