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.
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.
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 31, 2003 |
The top two executives at Jakks Pacific Inc., under fire from Wall Street analysts over their pay and the company's performance, received salary increases this year of 14% and 17.5%, according to a regulatory filing Wednesday. The raises, which exceeded the Malibu-based toy maker's 2002 profit and stock performance, came after a tough year for shareholders. The company's earnings per share fell 5.
October 19, 2001 |
Mattel Inc. and Jakks Pacific Inc. on Thursday reported better-than-expected quarterly earnings, bucking a depressed retail environment that worsened following the Sept. 11 terrorist attacks. The two Southland-based toy companies' relative strength supports a long-held toy industry truism: When Americans cut spending in response to a rocky economic climate, they will continue to buy for their children.