Strong Q4 boosts Jakks - ToyNews

Strong Q4 boosts Jakks

Jakks Pacific’s preliminary fourth-quarter profit more than doubled thanks to a strong performance from its toy division.
Author:
Publish date:
5_Pocoyo.jpg

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.

Related

5_Pocoyo.jpg

Jakks up in Q3

Jakks Pacific has reported a rise in quarterly profit, helped by its acquisition of dress-up and role play specialist Creative Designs International.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.