Mon, May 18, 8:56 AM
Mon, Jan. 26, 10:36 AM
- Shares of Jakks Pacific (JAKK +0.4%) and LeapFrog (LF +0.4%) are higher despite the sharp guidance cut from toy maker Mattel.
- Both companies are viewed by analysts as strong in channels where Mattel is weak.
- The toy player which has wreaked the most havoc on Mattel (MAT -2%) is Disney (DIS -0.5%) with the Frozen doll phenomenon cutting deeply into Barbie sales over the last year and showing little signs of abating.
- M&A talk could pick up in the sector with some entertainment giants eyeing the success Disney has had integrating franchise film characters into toys.
- Talks on a DreamWorks Animation-Hasbro combination were active last fall.
- Previously: Mattel -10.6% after CEO resigns and guidance lowered
- Previously: Toy sales up 4% in 2014 (Jan. 20 2015)
Fri, Jan. 23, 12:46 PM
Fri, Jan. 23, 9:11 AM
Thu, Jan. 22, 7:14 PM
- LeapFrog (NYSE:LF) reports preliminary FQ3 sales of $145M, far below guidance of $220M-$240M and a $226.1M consensus. Excluding charges, preliminary reported EPS is at -$0.25, well below a $0.19 consensus.
- FY15 (ends March '15) guidance has been withdrawn. A $107M write-down of goodwill and deferred tax assets is being taken. Full FQ3 results are due on Feb. 5.
- LeapFrog blames weaker-than-expected children's tablet sales, delays in shipping the LeapTV video game system, lower cartridge/accessories demand, lower-than-expected LeapReader sales, tighter inventory management, and the West Coast port slowdown.
- CEO John Barbour: "In light of our significant sales decline and losses, we are thoroughly reviewing our product strategies, operations and cost structure in order to improve our financial performance."
- Shares have plunged to $3.05 in AH trading.
Thu, Jan. 22, 5:36 PM
Oct. 14, 2014, 5:36 PM
Aug. 5, 2014, 12:47 PM
Aug. 5, 2014, 9:17 AM
Aug. 4, 2014, 5:35 PM
May 6, 2014, 9:45 AM
- LeapFrog (LF +7.9%) trades higher after beating estimates with its Q1 report.
- The company called the quarter an "exceptionally tough" period due to the retail atmosphere.
- Sales were off 31% compared to a year ago when the LeapFrog had brisker demand for its products.
- During the firm's earnings call (transcript), execs pitched the case that sales will be back-end loaded this year.
May 5, 2014, 5:40 PM
Feb. 13, 2014, 9:13 AM| 1 Comment
Feb. 12, 2014, 5:37 PM
Feb. 12, 2014, 4:15 PM
Nov. 5, 2013, 9:18 AM
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