Strong Q4 boosts Jakks

Jakks Pacific’s preliminary fourth-quarter profit more than doubled thanks to a strong performance from its toy division.
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Q4 net income rose to $23.2 million, or 73 cents per share from $9 million, or 30 cents per share, a year earlier. Earnings increased to $26.9 million, or 84 cents per share, from $12.7 million, or 41 cents a share a year ago.

Quarterly sales rose 43.3 percent to $238.3 million, as traditional dress-up and role play dolls and action figures sold well, the company said.

The firm expects a net income of $75.8 million for the full year.

Pre-school toys like Dora the Explorer, pre-teen toys like Hannah Montana and The Cheetah Girls and other action figures, and dress-up items would be among the new products for this year, said chief operating officer Stephen Berman in a statement.

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