• Tue, Jul. 25, 12:01 PM
    Tue, Jul. 25, 12:01 PM
  • Tue, Jul. 25, 6:24 AM
    • JAKKS Pacific (NASDAQ:JAKK) reports operating loss in Q2, impacted by the deleveraging of fixed operating costs on lower sales, lower gross margin and an increase in direct selling costs including marketing expenses due to Easter occurring in mid-April in 2017 versus in March 2016.
    • Gross margin rate contracted 360 bps to 28.2% due to deleveraging of fixed costs, shifts in product mix and closeout sales in certain categories.
    • SG&A expense rate increased 440 bps to 28.8%.
    • Inventory +20.3% Q/Q to $81.22M.
    • For FY2017, the company expects higher net income, EPS and adjusted EBITDA on lower net sales vs. FY2016.
    • Stephen Berman, JAKKS Pacific Chairman and Chief Executive Officer, stated: “The decline in sales for the second quarter is attributable to several factors, including the consequence of suspending sales to one of our retail customers and the decline of several of our film-related licensed properties. Despite lower sales in Q2 and first half 2017 as we expected, we believe sales declines in the second half to be much more modest as we head into peak selling season."
    Tue, Jul. 25, 6:24 AM
  • Tue, Jul. 25, 6:01 AM
    • JAKKS Pacific (NASDAQ:JAKK): Q2 EPS of -$0.77 may not be comparable to consensus of -$0.21.
    • Revenue of $119.57M (-15.2% Y/Y) misses by $13.91M.
    • Press Release
    Tue, Jul. 25, 6:01 AM
  • Mon, Jul. 24, 5:30 PM
    Mon, Jul. 24, 5:30 PM | 1 Comment
  • Mon, Jul. 10, 6:09 AM
    • JAKKS Pacific (NASDAQ:JAKK) announces that it signed a multi-year licensing agreement with childrens brand Chicco.
    • Under the terms of the multi-year agreement, JAKKS will have the rights to exclusively manufacture, market, and distribute in the U.S. and Canada early childhood dolls, doll carriers, doll outfits and doll accessories inspired by Chicco.
    • “Chicco is an iconic brand and is synonymous with excellence,” says JAKKS exec Jill Nordquist.
    • http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170710005100r1&sid=acqr7&distro=nx&lang=enSource: Press Release
    Mon, Jul. 10, 6:09 AM | 1 Comment
  • Mon, Jul. 3, 8:03 AM
    • JAKKS Pacific (NASDAQ:JAKK) files to sell 5.24M shares on the behalf of Meisheng Cultural Company.
    • The company won't receive any of the proceeds from the sale.
    • JAKKS has just under 27M shares outstanding, according to Bloomberg.
    • SEC Form S-3
    Mon, Jul. 3, 8:03 AM | 3 Comments
  • Tue, Jun. 20, 12:19 PM
    Tue, Jun. 20, 12:19 PM
  • Tue, Jun. 20, 6:56 AM
    • JAKKS Pacific (NASDAQ:JAKK) announces that it retired $12M in convertible senior notes due in 2018 for approximately $11.4M in cash and 112.4K shares of stock.
    • The companysays that after the redemption the balance of the face amount of the 2018 notes will have been reduced to approximately $42.7M from approximately $54.7M.
    • "We continue our ongoing process to further deleverage our balance sheet, and which will result in a net reduction in the number of shares of our common stock underlying the 2018 Notes by approximately 1.3 million shares," says JAKKS CEO Stephen Berman.
    • Source: Press Release
    Tue, Jun. 20, 6:56 AM | 1 Comment
  • Mon, Jun. 19, 10:17 AM
    • Mattel (MAT -1.1%) and JAKKS Pacific (JAKK -1.3%) both trade lower after Hasbro announces its first-ever subscription service for games.
    • Hasbro's dalliance with selling directly to consumers could be making some investors edgy.
    • Previously: Hasbro launches gaming subscription service (June 19)
    Mon, Jun. 19, 10:17 AM | 2 Comments
  • Fri, Jun. 9, 8:03 AM
    • Jefferies starts off coverage on Mattel (NASDAQ:MAT) with a Hold rating and $22 price target.
    • The investment firm also launches JAKKS Pacific (NASDAQ:JAKK) at Hold. JAKKS earns a price target of $4.50 from Jefferies.
    • The top toy pick from Jefferies is Hasbro (NASDAQ:HAS), which is rated at Buy and assigned a price target of $125 to rep 15% upside potential.
    • Sources: Bloomberg and Marketbeat.com.
    Fri, Jun. 9, 8:03 AM | 3 Comments
  • Wed, May 24, 8:02 AM
    • DA Davidson takes a dive into the toy sector.
    • The investment firm launches coverage on Jakks Pacific (NASDAQ:JAKK) with a Neutral rating. The firm sets a $5 price target on JAKK to rep 14% upside potential.
    • Coverage on Hasbro (NASDAQ:HAS) starts off with a Buy rating and $118 PT (17% upside).
    • Mattel (NASDAQ:MAT) also catches a Buy rating and gets tagged with a $30 PT ($38 upside).
    • Sources: Bloomberg, Marketbeat.com
    Wed, May 24, 8:02 AM | 12 Comments
  • Tue, Apr. 25, 12:01 PM
    Tue, Apr. 25, 12:01 PM | 1 Comment
  • Tue, Apr. 25, 10:43 AM
    • JAKKS Pacific (NASDAQ:JAKK) reports operating loss in Q1, in part due to incremental overhead and startup costs associated with our C’est Moi makeup and skincare product line as well as increased testing costs related to the expansion of sales of certain products in International markets,
    • Gross margin rate fell 70 bps to 31.8%.
    • SG&A expense rate grew 230 bps to 34.3%.
    • Inventory -10.6% Q/Q to $67.5M.
    • For FY2017, the company expects higher net income, EPS and adjusted EBITDA on lower net sales vs. FY2016.
    Tue, Apr. 25, 10:43 AM | 1 Comment
  • Tue, Apr. 25, 6:03 AM
    • JAKKS Pacific (NASDAQ:JAKK): Q1 EPS of -$1.01 misses by $0.12.
    • Revenue of $94.5M (-1.4% Y/Y) beats by $6.82M.
    • Press Release
    Tue, Apr. 25, 6:03 AM
  • Mon, Apr. 24, 5:30 PM
    Mon, Apr. 24, 5:30 PM | 20 Comments
  • Mon, Mar. 6, 7:54 AM
    • JAKKS Pacific (NASDAQ:JAKK) announced a multi-year licensing agreement renewal with Disney Consumer Products and Interactive Media in China for merchandise rights for several entertainment properties.
    • “We are delighted to renew and expand our relationship with Disney China. JAKKS has strategically opened offices in Shanghai as well as in other areas of China, and over the years has grown to better support key licensing opportunities such as this agreement with Disney Consumer Products and Interactive Media. The expansion has allowed us to open new distribution channels, sell direct to retail and focus on the rapid expansion of online sales to increase our footprint in this important and growing market,” said Stephen Berman, Chairman & CEO, JAKKS Pacific.
    • Press Release
    Mon, Mar. 6, 7:54 AM | 5 Comments