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Jakks Pacific Inc

BUSINESS
October 20, 2006 | Abigail Goldman, Times Staff Writer
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.
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BUSINESS
June 21, 2006 | From Bloomberg News
Jakks Pacific Inc. said it won the exclusive right to develop Pokemon toys in North America. Financial details of the agreement with Pokemon Co., a Nintendo Co. affiliate, weren't disclosed. The first action figures, stuffed animals, TV games and pool toys based on the Japanese creatures will debut in January, Malibu-based Jakks said. Jakks, which has more than doubled its annual revenue and net income since 2001, is moving into a market that was controlled by Hasbro Inc., the world's No.
BUSINESS
February 15, 2006 | From Reuters
Toy maker Jakks Pacific Inc. said quarterly net income fell 14%, hurt by taxes on the repatriation of foreign earnings, and forecast disappointing earnings for the current period. The results and outlook sent Jakks shares down more than 6% to $22.63. Jakks said fourth-quarter earnings fell to $9 million, or 30 cents a share, from $10.5 million, or 35 cents, a year earlier. Revenue fell to $166.3 million from $184.8 million.
BUSINESS
January 19, 2006 | From Bloomberg News
Jakks Pacific Inc., the Malibu-based maker of World Wrestling Entertainment Inc. action figures, said it had agreed to buy Creative Designs International Ltd., a Pennsylvania firm that makes girls' dress-up tiaras and vanity tables, for $116.5 million. Acquiring Creative Designs International would provide Jakks with licenses to make dress-up accessories based on Walt Disney Co. characters, Chief Operating Officer Stephen Berman said. Shares of Jakks Pacific surged 75 cents to $20.98.
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
July 21, 2005 | From Reuters
Toy maker Jakks Pacific Inc. posted higher second-quarter earnings but missed Wall Street estimates. Net income rose to $11.6 million, or 39 cents a share, in the quarter ended June 30. That compares with $6 million, or 22 cents, a year earlier. Sales rose 16% to $127.1 million. Malibu-based Jakks said results were helped by its June 2004 acquisition of Play Along, the maker of Care Bears and Cabbage Patch Kids. Analysts on average had expected Jakks to earn 41 cents a share on sales of $136.
BUSINESS
April 21, 2005 | From Associated Press
Jakks Pacific Inc., a consumer goods vendor that makes products as diverse as toys and writing instruments, reported that first-quarter profit more than doubled as the company realized an 82% jump in sales. Quarterly income was $10.1 million, or 34 cents a share, compared with $3.8 million, or 15 cents, a year earlier. Revenue soared to $134.7 million, up from $74 million recorded during last year's first quarter.
BUSINESS
February 23, 2005 | Melinda Fulmer, Times Staff Writer
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.
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
November 18, 2004 | From Times Wire Services
Shares of Jakks Pacific Inc. fell 3% after a dispute with World Wrestling Entertainment Inc. over the announcement of a licensing agreement. The Malibu-based toy maker announced an agreement to develop a game system based on WWE characters, citing Donna Goldsmith, WWE's senior vice president of consumer products. WWE later said the deal was only an amendment to an earlier agreement that is now in dispute and Jakks didn't seek approval from Goldsmith to use her comment.
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