WWE loss impacts Jakks

The loss of key product lines such as WWE sees Jakks forecasting cautiously in 2010.
Publish date:
Social count:
5_184_3541_Jakks logo.jpg

The firm's fourth-quarter profit beat expectations, but the outlook for 2010 was cautious.

The company posted a net loss of $1.9 million from a profit of $16.9 million for the same period a year earlier. Revenue fell 26 per cent to $198.8 million.

For the full year it lost $385.5 million from a profit of $76.1 million in the previous year. Revenue fell 11 per cent to $803.7 million.

Jakks forecast a loss in the range of 20 cents to 25 cents per share for the first quarter on sales of $70 million to $74 million. Analysts are forecasting a loss of 33 cents per share on sales of $96.6 million.

For the full year, the company expects a profit of $1.10 to $1.20 per share on sales of about $660 million to $670 million. Analysts expect a profit of $1.37 per share on sales of $798.3 million.

"We do not expect new additions to completely offset declines in revenues of our Hannah Montana product line and (declines) resulting from the end of our WWE licenses," said president, Stephen Berman.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.